Osovich Construction Company was granted a 1-year construction loan of $250,000 to finance the construction of an apartment complex. Osovich borrowed the money from Banco, Inc., at an interest rate of 15.75%. What is the maturity value of the loan?

A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.