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# 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.

**Please show your work, so that I can understand how you got the answer.**