Use the formula A = P(1 + rt) to calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.) P = $2600, r = 9.4%, t = 5 months

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Use the formula

A = P(1 + rt)

to calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)

P = $2600, r = 9.4%, t = 5 months
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