2. If P = P5,000, = 2% and t = 8 mos., find the maturity value. %3D a. Which formula will you use? b. How are you going to cxpress the time in years?

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
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Please answer a-c sub-units thank you!

2. If P = P5,000, = 2% and t = 8 mos., find the maturity value.
a. Which formula will you use?
b. How are you going to cxpress the time in years?
c. How much is the maturity value?
Transcribed Image Text:2. If P = P5,000, = 2% and t = 8 mos., find the maturity value. a. Which formula will you use? b. How are you going to cxpress the time in years? c. How much is the maturity value?
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