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

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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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
Mac
esc
F1
F2
F3
F4
23
3
ab
Q
W
E
R
LJ
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 Mac esc F1 F2 F3 F4 23 3 ab Q W E R LJ
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