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Math (investment) problem?


1.on the due date the payment after 1 yr and 5 mos. of 6%note is 8770. find the face value of the note.
2. for the principal invested at 8 1/4% (simple interest) the amount of 4,500 was paid at the end of 2 yrs & 6 mos. find the original amount borrowed... thanks for the help

Final value = Base amount x (1+period interest rate)^number of periods. That's all you need to figure it out. Get something out of the assignment and learn financial math, its generally very easy.

not sure about the first, but I believe the second parts answer is $3663.92

FV= 4500
I/Y= (8.25/12)
N= (2.5*12)

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