Find the maturity value of a loan of ( $ 1,000 ) after two years. The loan carries a simple interest rate of ( 6 frac{1}{4} % ) per year. The maturity value of the loan is ( $ ) (Round to the nearest cent as needed.) solutionspile.com

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Find the maturity value of a loan of  (  $ 1,000  ) after two years. The loan carries a simple interest rate of  ( 6  frac{1}{4}  %  ) per year. The maturity value of the loan is  (  $  ) (Round to the nearest cent as needed.) solutionspile.com

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