Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $4000, r = 7%, t = 6 years ..... (Round up to the nearest cent.)
Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $4000, r = 7%, t = 6 years ..... (Round up to the nearest cent.)
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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