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Mathematics Clinic => Pre-calculus => Topic started by: WhattoUnderstand on Feb 2, 2020

Title: Determine the present value, P, you must invest to have the future value, A, at simple interest rate ...
Post by: WhattoUnderstand on Feb 2, 2020

Question 1

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 = $204.80, r = 7%, t = 4 years
◦ $164
◦ $167
◦ $160
◦ $164.70

Question 2

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

Title: Determine the present value, P, you must invest to have the future value, A, at simple interest rate ...
Post by: asdfghjkl; on Feb 2, 2020

Answer 1

$160

Answer 2

$600.00

Title: Re: Determine the present value, P, you must invest to have the future value, A, at simple interest
Post by: Futur' Spark on Mar 29, 2020

Thank you

Title: Re: Determine the present value, P, you must invest to have the future value, A, at simple interest
Post by: Pashmeena Niazi on Nov 18, 2021

thank you