menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 6: Simple Interest
  5. Question
    Calculate the Maturity Value of an Investment of $22,500 After
Solved

Calculate the Maturity Value of an Investment of $22,500 After

Question 62

Question 62

Multiple Choice

Calculate the maturity value of an investment of $22,500 after 9 months at 13.45%.


A) $20,438.29
B) $4,736.25
C) $2,269.69
D) $27,236.25
E) $24,769.69

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: Calculate the amount of interest owed on

Q58: A principal of $2,680 is invested for

Q59: On May 27, Kristina made an investment

Q60: What single payment, 45 days from now,

Q61: A loan of $4,000 at 13% is

Q63: Payments of $7,000 120 days ago and

Q64: Maia's chequing account was $329 overdrawn beginning

Q65: At what simple annual interest rate would

Q66: An $8,000 loan at an interest rate

Q67: A $10,000 loan made on January 1

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines