what principal will have a maturity value of $61,500 at 6.5% in 17 months
Principal = Maturity Value / [1 + r]n
= $61,500 / [1 + (0.065/12)]17
= $61,500 / 1.0962 = $56,103.73
what principal will have a maturity value of $61,500 at 6.5% in 17 months
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