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QUESTION

# Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent). $1,200 borrowed at 7 1/8% for six years. Find the... Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent).$1,200 borrowed at 7 1/8% for six years.

Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent).

$1,400 borrowed at 71/8% for four years Find the present value PV of the given future value. (Round your answer to the nearest cent). Future value$8,700 at 9 1/2% simple interest for five years.