to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time Interest Maturity Value $145,000 14 1 2 5 months $ $ 2.Use MV = P(1 + RT) to find the maturity value (in $) of the loan. (Round your answer to two decimal places.) Principal Rate (%) Time Maturity Value $5,600 7.4 14 months $
to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time Interest Maturity Value $145,000 14 1 2 5 months $ $ 2.Use MV = P(1 + RT) to find the maturity value (in $) of the loan. (Round your answer to two decimal places.) Principal Rate (%) Time Maturity Value $5,600 7.4 14 months $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1. 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 | ||
|---|---|---|---|---|---|---|
| $145,000 |
14
|
5 months | $ | $ |
2.Use
MV = P(1 + RT)
to find the maturity value (in $) of the loan. (Round your answer to two decimal places.)| Principal | Rate (%) | Time | Maturity Value |
|---|---|---|---|
| $5,600 | 7.4 | 14 months | $ |
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