Answer:
4,100
Step-by-step explanation:
The maturity value can be calculated using the following formula:
MV= P(1+r)^n
P: principal amount= 4,000
r: rate of interest= 11%/360= 0.0305%
n: time until maturity
MV= 4,000(1+0.000305)^80
MV= 4,000*1.025
MV= 4,100
The maturity value of the loan is 4,100.
