please answer the question with a clear explanation:
Find the maturity value of a RM 60,000 loan borrowed for three months at 8%
Answer
--Maturity Value = face value + interest.
--Maturity Value = RM 60000 + (RM 60000 x 8% x 3months /
12months)
= 60000 + (60000 x 8% x 3/12)
= 60000 + 1200
= RM 61,200 is the maturity value: Answer
please answer the question with a clear explanation: Find the maturity value of a RM 60,000...
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