Question
10. Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $13,800 9.4 3 3/4 years $ 11. Find the
10. Find the amount (in $) of interest on the loan.
| Principal | Rate (%) | Time | Interest |
|---|---|---|---|
| $13,800 | 9.4 | 3 3/4 years | $ |
11. Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.)
| Principal | Rate (%) | Time | Interest | Maturity Value |
|---|---|---|---|---|
| $185,000 | 151/2 | 5 months | $_____ | $______
|
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
