Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A $8000.00, r= 12.5%, t 13 weeks (Round to the nearest cent.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 18E
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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 $8000.00, r= 12.5%, t
13 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 $8000.00, r= 12.5%, t 13 weeks (Round to the nearest cent.)
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