Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,400 borrowed at  7 1 8%  for three year

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 25E
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Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.)

$1,400 borrowed at 
7
1
8
%
 for three years
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