Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use the formula Upper M equal

Question

4 years ago

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Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use the formula Upper M equal

s Upper P left parenthesis 1 plus i right parenthesis Superscript n, where n is the number of years in this problem, to find the amount borrowed.
Doug borrowed $

Mathematics

1 answer:

Gnesinka [82] · Answer 1 · 2022-01-25T08:34:09+03:00

Gnesinka [82]4 years ago

6 0

Answer: Give me an example

Step-by-step explanation:

Doug paid a maturity value of ​$5015.52 on a​ 2-year note with annual interest of 8​% ​(or 0.08​). Use the formula Upper M equal

Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use the formula Upper M equal