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Simple and Maturity Value
Simple interest is calculated on the principal portion of a loan or the original contribution to a savings account. Simple Interest is calculated using the following formula: SI = P x R x T. Maturity value is the amount due and payable to the holder of a financial obligation as of the maturity date of the obligation. Refers to the remaining principal balance on a loan or bond. Maturity value is the same as par value.
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