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# ch 10 9. Find the maturity value of the following loan. Use MV=P(1+RT) to find the maturity value. Round your answer to the nearest cent. Do not...

ch 10

9. Find the maturity value of the following loan. Use MV=P(1+RT) to find the maturity value. Round your answer to the nearest cent. Do not round intermediate calculations.

**Principal Rate (%) Time Maturity Value**

$18,240 7 1/2 35 months $