Carrie houghtaling's bank granted her a single payment loan of 4,000 for 80 days at 11 percent ordinary interest. What is the maturity value of the loan

4,100

Step-by-step explanation:

The maturity value can be calculated using the following formula:

MV= P(1+r)^n

P: principal amount= 4,000

r: rate of interest= 11%/360= 0.0305%

n: time until maturity

MV= 4,000(1+0.000305)^80

MV= 4,000*1.025

MV= 4,100

The maturity value of the loan is 4,100.

answer: t=3

step-by-step explanation:

a line is an defined derm because it

a)contains an infinite number of points b) can be used to create other geometric shapes c)describes something that does not have width or depth d) is a term that does not have a formal definition. a line is an undefined term because it: contains an infinite number of points.