Mathematics, 03.12.2020 07:40 nickthequick
A financial instrument pays 8% simple interest per year (based on the purchase value) and matures after 3 years. The instrument can be purchased at any price. An investor purchases the instrument for P dollars, and calculated that the total value of the investment (i. e. P plus interest earned) will be $2,000 at maturity. Calculate P. Round your answer to the nearest cent. Do NOT round until you have calculated your final answer.
Answers: 1
Mathematics, 21.06.2019 22:30
Solve: 25 points find the fifth term of an increasing geometric progression if the first term is equal to 7−3 √5 and each term (starting with the second) is equal to the difference of the term following it and the term preceding it.
Answers: 1
A financial instrument pays 8% simple interest per year (based on the purchase value) and matures af...
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