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ch 10 7. Find the amount of interest and the maturity value of the following loan. Use the formula MV=P+I to find the maturity value.

ch 10

7. Find the amount of interest and the maturity value of the following loan. Use the formula MV=P+I to find the maturity value. Round your answers to the nearest cent.

PrincipalRate (%) Time Interest Maturity Value

$125,0008 1/29 months $ $

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