SOLUTION: The maturity value of $13200 at 7% for 7 months is.

Algebra.Com
Question 578504:
The maturity value of $13200 at 7% for 7 months is.

Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
A=13200(1.07)^7/12
A=13200*1.04
A=$13731.85

RELATED QUESTIONS

Devon takes out a loan of $1,500, at simple interest, for 56 months. What is the... (answered by farohw)
If P135,650 is the maturity value of a sum invested at 3.2% compounded semi-annually for... (answered by Boreal)
If P135,650 is the maturity value of a sum invested at 3.2% compounded semi-annually for... (answered by ikleyn)
A credit union loans a member $8,000 for the purchase of a used car. The loan is made for (answered by mananth)
Julius takes out a loan of $9,500, at 9.5% simple interest, for 4 months. What is the... (answered by jim_thompson5910)
A 10-year bond has a face value of $1,000. The bond has a 7 percent semiannual coupon.... (answered by solver91311)
A certain bond pays coupons of Php 5,000 every six months for: Given: Semi-annual... (answered by CPhill)
OK THESE LAST THREE I KEEP GETTING WRONG HELP !!! A home builder obtained a... (answered by stanbon)
Please help me with the homework. 1. Ben owes 500 due in eight months. For each of the (answered by parmen)