Question 1077892
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.



V = 25,000 x (1 + 0.088)^1


V = 25,000 x (1.088)


Can you finish?