Round All Answers to the Nearest Cent

question 78

Short Answer

Round all answers to the nearest cent. Angel Hall borrowed $82,000 for her granddaughter's college education. She must repay the loan at the end of nine years with 9¼% interest. What is the maturity value Angel must repay?

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Definitions:

Portfolio

A collection of investments or projects held by an individual, organization, or financial institution, diversified to manage risk and achieve goals.

Human Capital

The competencies, insights, and accumulated experiences of a person or a community, seen from the perspective of their contribution to an organization.

Organizational

Relating to the structure or coordination of components within a company or institution.

Job Insecurity

The fear or risk of losing one's job, often due to economic conditions, organizational changes, or industry disruptions.