Asked by Anonymous
what is the maturity value of the following loans using MV=P(1+RT to find the maturity values,$120,740 principal, 11 3/4 rate, 7months for time
Answers
Answered by
Ms. Sue
MV=P(1+RT
MV = 120,740 * (1 + 0.1175 * 0.58333)
MV = 120,740 * (1 + 0.1175 * 0.58333)
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