Mathematics, 22.02.2020 05:02 vanessa23272

Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use the formula Upper M equals Upper P left parenthesis 1 plus i right parenthesis Superscript n, where n is the number of years in this problem, to find the amount borrowed.
Doug borrowed $

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Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use th...

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Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use the formula Upper M equals Upper P left parenthesis 1 plus i right parenthesis Superscript n, where n is the number of years in this problem, to find the amount borrowed. Doug borrowed $

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Another question on Mathematics

Doug paid a maturity value of $5015.52 on a 2-year note with annual interest of 8% (or 0.08). Use the formula Upper M equals Upper P left parenthesis 1 plus i right parenthesis Superscript n, where n is the number of years in this problem, to find the amount borrowed.
Doug borrowed $