MHB Amount of interest and maturity value

[ammanda]

Find the amount of interest and the maturity value of the following loan. Use the formula MV = P + I to find the maturity value.

[table="width: 500, class: grid, align: left"]
[tr]
[td]Principal[/td]
[td]Interest Rate[/td]
[td]Period[/td]
[td]Maturity Value[/td]
[/tr]
[tr]
[td]\$91,000.00[/td]
[td]9.25%[/td]
[td]2.5 years[/td]
[td]?[/td]
[/tr]
[/table]

 

[MarkFL]

Hello ammanda,

I have deleted the duplicate thread, and edited this one to present the given data in tabular format. I hope I interpreted it correctly.

Can you post what you have tried so our helpers know exactly where you are stuck and can offer better help?

 

[ammanda]

Hello ammanda,

I have deleted the duplicate thread, and edited this one to present the given data in tabular format. I hope I interpreted it correctly.

Can you post what you have tried so our helpers know exactly where you are stuck and can offer better help?

thank you so much for that.

 

[Wilmer]

So what is your solution, Ammanda?