2. If P = ₱5,000, r = 2% and t = 8 mos., find the maturity value.
Which formula will you use? How are you going to express the time in years? _
How much is the maturity value? _
Answer this please
Share
2. If P = ₱5,000, r = 2% and t = 8 mos., find the maturity value.
Which formula will you use? How are you going to express the time in years? _
How much is the maturity value? _
Answer this please
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Step-by-step explanation:
M=P+PRT
=5000+ (5000)(0.02÷12)(8)
=5,066.67