formula to find maturity date with explanation
Answers
Answer:
The maturity date formula is V = P x (1 + r)^n.
Explanation:
The maturity value formula is V = P x (1 + r)^n. You see that V, P, r and n are variables in the formula. V is the maturity value, P is the original principal amount, and n is the number of compounding intervals from the time of issue to maturity date. The variable r represents that periodic interest rate.
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Explanation:
The maturity date formula is V = P x (1 + r)^n.
Here, V, P, r, and n are the major components that you will need values to get the answer.
V denotes the maturity value, P is the value of the original principal amount, r is the periodic interest rate that you will have to pay, and n denotes the number of regular intervals from the time when the agreement initiates to the maturity date.