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The problem asks us to find the maturity value (MV) of a loan using the formula:

\[
MV = P + I
\]

where:
- $ P $ is the principal amount,
- $ I $ is the interest.

The interest $ I $ can be calculated using the formula:

\[
I = P \times r \times t
\]

where:
- $ P = 1200 $ (the principal amount in dollars),
- $ r = 0.08 $ (annual interest rate of 8%, converted to decimal),
- $ t = \frac{42}{12} = 3.5 $ years (since 42 months is equivalent to 3.5 years).

Let's calculate $ I $ and then find the maturity value $ MV $.The maturity value (MV) of the loan is $1,536.

Do you want more details or have any questions? 

Here are some related questions:
1. How is the annual interest rate converted into a decimal?
2. What would the maturity value be if the loan duration was only 24 months?
3. How does changing the interest rate affect the maturity value?
4. What is the formula for compound interest, and how does it differ from simple interest?
5. If Anny wanted to pay off the loan early, how would that affect the interest amount?

**Tip:** Always check whether the interest given is annual or compounded monthly to use the correct formula.

Anny takes out a loan of $1,200, at 8% interest, for 42 months. Use the formula MV = P + I to find the maturity value (in $).

Learn how to calculate the maturity value of a $1,200 loan taken at 8% simple interest over 42 months. This problem explains the formula MV = P + I and provides a step-by-step solution, including the calculation of interest. Suitable for high school students in Grades 9-10.

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