Post a New Question


posted by on .

Calculate the maturity value of a simple interest, eight-month loan of $15,000 if the interest rate is 4.5%.

  • MATH - ,

    P = Po + Po*r*t
    P = 15,000 + 15,000*0.045*(8/12)
    Solve for P.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question