Question #267351

What is the maturity value of a loan of R64 000 earning an interest of R12 733?

Expert's answer

Maturity value= R76,733

explanation:

The maturity value is equivalent to the future value, which is the sum of the present value {PV}and the total accumulated interest {I}.

Therefore,

FV = 64,000 + 12,733 = 76,733

=R76733


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Canada #340153 on Dec 2023