Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A= $7000.00, r= 12.0%, t 9 months ... (Do not round until the final answer. Then round up to the nearest cent as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 80E
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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= $7000.00, r= 12.0%, t 9 months
(Do not round until the final answer. Then round up to the nearest cent as needed.)
Next
2
P
MacB
esc
F2
F3
F4
#3
2$
2
Q
W
E
T
60
R
%4
Transcribed Image Text:Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A= $7000.00, r= 12.0%, t 9 months (Do not round until the final answer. Then round up to the nearest cent as needed.) Next 2 P MacB esc F2 F3 F4 #3 2$ 2 Q W E T 60 R %4
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