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 (%) $99,000 7-- 72/1 Time 3-12-1 years $ Interest Maturity Value $

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 66E
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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 (%)
$99,000
4
Time
31/12/2
3- years
+A
Interest
Maturity Value
Transcribed Image Text: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 (%) $99,000 4 Time 31/12/2 3- years +A Interest Maturity Value
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