Asked by mya
1. $5030 at 8% from January 3 to July 4
what is the interest rate and maturity value
what is the interest rate and maturity value
Answers
Answered by
Ms. Sue
5030 * 0.08 = 402.4
402.4/2 = 201.2
5030 + 201.2 = 5231.2
402.4/2 = 201.2
5030 + 201.2 = 5231.2
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