$19,000 is invested for 3 years at an annual simple interest rate of 19%. (a) How much interest will be earned? $ x (b) What is the future value of the investment at the end of the 3 years? $
$19,000 is invested for 3 years at an annual simple interest rate of 19%. (a) How much interest will be earned? $ x (b) What is the future value of the investment at the end of the 3 years? $
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 28E: Interest Rate A man purchases a $2000 diamond ring for a down payment $200 and monthly installments...
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