Question #2681

What is the present value of a maturity value of $2,484 bearing interest at 14% for 90days? Use formula P=M/1 + rt

Expert's answer

M = P(1+rt) =
& = 2484 *(1+ 0.14 * 90/360) =
& = 2570.94

Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Canada #339914 on Dec 2023