Asked by Badgirl444
What is the maturity value of the following loan? Use MV = P(1 + RT) to find the maturity.
Principal
Rate (%)
Time
Maturity Value
$120,740
11¾ %
7 months
(Points : 3)
Principal
Rate (%)
Time
Maturity Value
$120,740
11¾ %
7 months
(Points : 3)
Answers
Answered by
Steve
so, what's the trouble? Just plug in the numbers.
MV = 120740(1+.1175/12 * 7)
MV = 120740(1+.1175/12 * 7)
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