Question 1077892: A corporate executive took out a $25,000 loan at an 8.8% annual simple interest rate for 1 year. Find the maturity value of the loan. Found 2 solutions by jorel1380, rapture:Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! The maturity value formula is V = P x (1 + r)^n. You see that V, P, r and n are variables in the formula. V is the maturity value, P is the original principal amount, and n is the number of compounding intervals from the time of issue to maturity date. The variable r represents the periodic interest rate.
