Amount of interest and maturity value

  • Context: MHB 
  • Thread starter Thread starter ammanda
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    Interest Value
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Discussion Overview

The discussion revolves around calculating the amount of interest and the maturity value of a loan using the formula MV = P + I. The context includes a specific loan scenario with given principal, interest rate, and period.

Discussion Character

  • Homework-related

Main Points Raised

  • Post 1 presents the loan details, including principal amount, interest rate, and period, and asks for the maturity value.
  • Post 2 requests the original poster to share their attempts at solving the problem to facilitate better assistance.
  • Post 3 reiterates the request for the original poster's attempts, emphasizing the need for clarity on where they are struggling.
  • Post 4 directly asks the original poster for their solution to the problem.

Areas of Agreement / Disagreement

Participants appear to agree on the need for the original poster to provide their attempts at solving the problem, but there is no consensus on the solution itself as it has not been provided.

Contextual Notes

There are no explicit assumptions or limitations discussed, but the lack of a provided solution from the original poster leaves the discussion open-ended.

ammanda
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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]
 
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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?
 
MarkFL said:
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.
 
So what is your solution, Ammanda?
 

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