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Calculating the Maturity Value of a Loan
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When the time period of a loan is over, the loan is said to mature.
At that time, the borrower repays the original principal plus the interest.
The total payback of principal and interest is known as the maturity value of a loan.
At that time, the borrower repays the original principal plus the interest.
The total payback of principal and interest is known as the maturity value of a loan.
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