You borrow$9000to help pay your college expenses. You agree to repay the loan at the end of8years

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You borrow$9000to help pay your college expenses. You agree to repay the loan at the end of8years at12%interest, compounded monthly. (Round your answers to two decimal places.)(a) What is the maturity value of the loan? $ (b) How much interest are you paying on the loan?

Posted Date: May 18, 2024 10:06 PM

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You borrow$9000to help pay your college expenses. You agree to repay the loan at the end of8years

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