Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Anthony took out an 11-month loan, with an interest rate of 912%, and a maturity value of $98,836.92. Find the face value: Select one: to.
Anthony took out an 11-month loan, with an interest rate of 912%, and a maturity value of $98,836.92. Find the face value: Select one: to. $ 86,450 b. $ 84,250 c. $ 86,275 d. $ 85,400 Anthony took out an 11-month loan, with an interest rate of 912%, and a maturity value of $98,836.92. Find the face value: Select one: to. $ 86,450 b. $ 84,250 c. $ 86,275 d. $ 85,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started