Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Identify the Principal amount DHS Identify the Rate (as used in equation for calculation) Identify the Time (as used in the equation for calculation) years Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Round the answer to the nearest fil (two (2) numbers behind the point.) The future value of the loan after fifteen (15) months that will be paid back is DHS.
Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Identify the Principal amount DHS Identify the Rate (as used in equation for calculation) Identify the Time (as used in the equation for calculation) years Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Round the answer to the nearest fil (two (2) numbers behind the point.) The future value of the loan after fifteen (15) months that will be paid back is DHS.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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