Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $9000, r = 12%, t = 3 years
Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $9000, r = 12%, t = 3 years
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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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 =
$9000,
r =
12%,
t =
3
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