Find the maturity value on a loan of $2,500 at 13.5% interest, for 48 months. Use the formula MV = P + I. O $1,350.00 O $1,418.75 O $3,850:00 O $4,120.00

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 31E: DISCOVR: Amortizing a Mortgage When they bought their house, John and Mary took out a $90,000...
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Find the maturity value on a loan of $2,500 at 13.5% interest, for 48 months. Use the formula MV =P+I.
O $1,350.00
O $1,418.75
O $3,850:00
O $4,120.00
Transcribed Image Text:DETAILS ASK YOUR TEACH Find the maturity value on a loan of $2,500 at 13.5% interest, for 48 months. Use the formula MV =P+I. O $1,350.00 O $1,418.75 O $3,850:00 O $4,120.00
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