Compute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent. $12,300 is invested for 9 months at 7% per year. INT = $ ___ FV = $ __
Compute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent. $12,300 is invested for 9 months at 7% per year. INT = $ ___ FV = $ __
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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Compute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent.
$12,300 is invested for 9 months at 7% per year.
INT | = | $ ___ |
FV | = | $ __ |
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