The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $6000, r = 7%, t 6 years ... (Round to the nearest cent as needed.)

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $6000, r = 7%, t 6 years ... (Round to the nearest cent as needed.)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.2: Exponential Functions

Problem 72E

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Question

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future
value A, or the total amount due at time t.
P= $6000, r= 7%, t 6 years
(Round to the nearest cent as needed.)
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# 3

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