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Determine the present value, P, you must invest to have the future value, A, at simple interest rate ...

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WhattoUnderstand:
Question 1Determine 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 = $204.80, r = 7%, t = 4 years
◦ $164
◦ $167
◦ $160
◦ $164.70

Question 2Determine 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 = $621.00, r = 14%, t = 3 months
◦ $6014.00
◦ $601.00
◦ $600.00
◦ $150.00

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Answer 1$160

Answer 2$600.00

Futur' Spark:
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Pashmeena Niazi:
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