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OpenStudy (anonymous):
If the principal P = $700, the rate r = 6 1/2 %, and time t = 1 year, find the following. What is the amount of interest? What is the future value?
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OpenStudy (tkhunny):
I = Prt I = ($700)(0.065)(1) What do you get?
OpenStudy (anonymous):
FV = (700)(1.065)^1
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