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What will be the maturity value after seven months of $2950 earning interest at the rate of 4.5%? Answer (Needs work shown): $3027.44 The balance

What will be the maturity value after seven months of $2950 earning interest at the rate of 4.5%?

Answer (Needs work shown): $3027.44

The balance after 11 months, including interest, on a loan at 9.9% is $15,379.58. What are the principal and interest components of the balance?

Answer (Needs work shown): $14,100 of principle and $1,279.58 of interest

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