The maturity value is the principal value together with interest due.
.. mv = P +Prt
.. = 5350*(1 +0.085*120/360) . . . . . . year is 360 days for "ordinary interest"
.. ≈ 5501.58
The maturity value is $5501.58.
280 divided by 7 equals 40 and forty times 12 equals 480 so the answer is 480
Your answer would be 14.978
Answer:
I believe it is 2.1 if I am wrong, very sorry.
Step-by-step explanation:
So you divide 200 by 100 so 210/100, thats when you get 2.1. So to convert that from percent to decimal all you do is is just divide by 100 and remove the % sign! Just move the decimal point 2 places to the left. If the percent value is a integer, the '.' is at the right of the right most digit.
Hope this helped you out and hope you got your answer right! Enjoy the rest of your day. :)
