Question: You borrowed $24,000 for new computers for your software production company. Your bank granted you a single-payment loan of $24,000 for 144 days. Determine the

You borrowed $24,000 for new computers for your software production company. Your bank granted you a single-payment loan of $24,000 for 144 days.



Determine the maturity value of the loan if the rate is 9% ordinary interest.

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