The maturity value of loan taken by Pamela Boyd where principal amount of loan is $ 20 , 000 , rate of ordinary interest is 6.5 % for a duration of 150 days but after 30 days, partial payment of $ 8 , 000 was repaid.

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Chapter 10.II, Problem 35RE

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To calculate: The maturity value of loan taken by Pamela Boyd where principal amount of loan is $20,000, rate of ordinary interest is 6.5% for a duration of 150 days but after 30 days, partial payment of $8,000 was repaid.

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