Loan Maturity Date – Find the maturity of a loan


Loan Maturity Date – 10 Tips
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Maturity value is the total amount of money due by the end of a loan period.
○ The amount of the loan and interest. If principal and interest are known, add them.

Q1. Marcus can purchase furniture on a 2-year simple interest loan at 9% interest per year. What is the maturity value for a $2,500 loan?

Q2. Jim will invest $3,000 at 8% for 60 months. What is the maturity value of the investment?

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