Find the future value of the loan. Assume 365 days in a year. $7209 at 10.32% annual simple interest for 7 months The future value of the loan is $. (Round to the nearest cent as needed.)
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32% = 0.1032 Simple Interest (SI) = P * R * T SI = 7209 * 0.1032 * 7/12 SI = 433.9818 Show more…
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