Find the amount in dollars of interest and the maturity value of the loans. The...

60.1K

Verified Solution

Question

Finance

Find the amount in dollars of interest and the maturity value of the loans. The principal is 145,000. The rate is 15 1/2% of the time is five months, what is the interest and what is the maturity value

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students