Determine the present value P that must be invested to have the future value A at simple interest rate R after time T. A= $3000.00 R= 14.0% T= 6 months Do not round until the final answer, then round up to the nearest cent as needed
Determine the present value P that must be invested to have the future value A at simple interest rate R after time T. A= $3000.00 R= 14.0% T= 6 months Do not round until the final answer, then round up to the nearest cent as needed
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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Determine the present value P that must be invested to have the future value A at simple interest rate R after time T.
A= $3000.00
R= 14.0%
T= 6 months
Do not round until the final answer, then round up to the nearest cent as needed
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