The value of 3 is a thousand.
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.
Answer:
C.
Step-by-step explanation:
Answer:
10
Step-by-step explanation:
5/6 =0.8333
12x0.8333 = 10