5. Solve for F, given that P—$1999,99, i=1.43% and n=1 and three-fourths years.

Brief Principles of Macroeconomics (MindTap Course List)
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Chapter9: The Basic Tools Of Finance
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5. Solve for F, given that P—$1999,99, i=1.43% and n=1 and three-fourths years.

6. A bank charges an interest rate of 7%. An engineer wants to loan an amount of
Fhp 1,000,000 to start his construction business from January 06, 2022 to December 30,
2022. Determine the difference of future worth of ordinary simple interest and exact simple
interest.

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