How to find interest and the amount due at maturity for each note, there are 3 problems 10, 11, 12 please help
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How to find interest and the amount due at maturity for each note, there are 3 problems 10, 11, 12 please help

[From: ] [author: ] [Date: 11-04-27] [Hit: ]
Amount due at Maturity=920(1+0.055/12)^27 =$1,040.90interest =$120.......
im going to make a chart like it is in the book. i need help please..

10. Face of note have to find the Interest and the Amount due at Maturity
$500 3 years of time 12% rate


11.$150 3months 18%

12.$920 2 1/4 year 5 1/2%

-
if the interest is payd monthly then
10.-
there are 36 months in 3 years then
Amount due at Maturity=500(1+0.12/12)^36
= $715.38
interest =$215.38

11
Amount due at Maturity=150(1+.18/12)^3
= $156.85
interest =$6.85
12

Amount due at Maturity=920(1+0.055/12)^27
=$1,040.90
interest =$120.90
1
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