Question
Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the
Find the amount (in $) of interest and the maturity value of the loans. Use the formula
MV = P + I
to find the maturity value.
Principal | Rate (%) | Time | Interest | Maturity Value |
---|---|---|---|---|
$99,000 | 7 1/4 | 3 1/2 years | $ | $ |
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