Find the maturity value of a loan of $48,600 at 9% for 8 months.
we need to find the Future value of $48600
Present value*(1+r)^n
=48600*(1+9%/12)^8
=$51593.70
please answer the question with a clear explanation: Find the maturity value of a RM 60,000 loan borrowed for three months at 8%
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