Friday 10 December 2021

Determine the present value P you must invest to have the future value A at simple interest rate r after time t.

 Determine the present value P you must invest to have the future value A at simple interest rate r after time t. Round answer up to the nearest cent.
A​ = ​$9500, r​ = 8.5%, t​ = 26 weeks

 


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