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OpenStudy (anonymous):
Determine the present value P you must invest to have the future value A at simple interest rate r after time t. Round to the nearest cent. A = $15,000, r = 11.0%, t = 2 years
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OpenStudy (therealmeeeee):
use the simple interest formula
OpenStudy (therealmeeeee):
12295.04 a= p+prt
OpenStudy (therealmeeeee):
the answer is 1.22p=15000
OpenStudy (therealmeeeee):
do u get is now???????????
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