Liam needs to borrow $25,200 to remodel his garage. He borrows the funds for 2 years at an interest rate of 9%. Find the maturity value at the end of 2 years
A. 29,736.00
B. 4,536.00
C. 45,360.00
D. 25,009.00
Find the interest on a loan of $8,100 for 1.5 years at 4.75%
A. 48.09
B. 8,677.13
C. 57,712.50
D. 577.13
Find the interest on a loan of $7,800 at 9.25% for 4 months
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