Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar. A = $728.00, r = 12%, t = 4 months A.$701.00 B.$7012.00 C.$175.00 D.$700.00
Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar. A = $728.00, r = 12%, t = 4 months A.$701.00 B.$7012.00 C.$175.00 D.$700.00
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 3PPS
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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. Round answer to the nearest dollar.
A = $728.00, r = 12%, t = 4 months
A = $728.00, r = 12%, t = 4 months
A.$701.00
B.$7012.00
C.$175.00
D.$700.00
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