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term on a 365-day year. The maturity value of the loan is the total amount you repay. Maturity Value = Principal + Interest Owed 1. Tao Bergolt's bank granted him a single-payment loan of $4,400 at an interest rate of 12 percent. The term of the loan is 172 days. What is the maturity value of his loan at exact interest? 2. ................
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