Find the maturity value of the following: a. $8,800..................6%..................9 months b. $12,000.................2%....................75 days

Question:

Find the maturity value of the following:

a. $8,800..................6%..................9 months

b. $12,000.................2%....................75 days

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...