Find the amount (in $) of interest and the maturity value of the loans. Use the formula
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Question:
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 | ||
|---|---|---|---|---|---|---|
| $185,000 | 14
| 5 months | $ | $ |
Expert Answer:
There seems to be a mismatch in the information provided We are given a principal amount P of 185000 ... View the full answer
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