Find the amount (in $) of interest and the maturity value of the loans. Use the formula  MV = P + I  to find the maturity value. Principal Rate (%) Time Interest Maturity Value $99,000 8 1 4 5 1 2 years $  $

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter13: Sequences And Series
Section13.4: Mathematics Of Finance
Problem 26E
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Find the amount (in $) of interest and the maturity value of the loans. Use the formula 
MV = P + I
 to find the maturity value.
Principal Rate (%) Time Interest Maturity Value
$99,000
8
1
4
5
1
2
 years
 
 
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