Determine the present value P you must invest to have the future value A at simple interest rate r after time t.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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Determine the present value P you must invest to have the future value A at simple interest rate r after time t.
A = $7000.00, r = 15.0%, t = 39 weeks
$
(Round to the nearest cent.)
Transcribed Image Text:Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A = $7000.00, r = 15.0%, t = 39 weeks $ (Round to the nearest cent.)
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