
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
النسخة 12الرقم المعياري الدولي: 978-0132605540
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
النسخة 12الرقم المعياري الدولي: 978-0132605540 تمرين 258
Use M = P (1 + RT ) where M = maturity value, P = principal or loan amount, R = annual interest rate written as a decimal, and T = time in years.
MATURITY VALUE Mary Scott invests $1000 in a bond fund that she hopes will yield 8, per year (or.08) for 5 years. What maturity value ( M ) will she have in her account at the end of 5 years?
MATURITY VALUE Mary Scott invests $1000 in a bond fund that she hopes will yield 8, per year (or.08) for 5 years. What maturity value ( M ) will she have in her account at the end of 5 years?
التوضيح
Given, $1000 is invested in a bond yield...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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