The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. Round answer to the nearest cent.

P = $38,000, r = 5.0%, t = 3 years

I do not need the answer just which numbers to plug into the formula

Question

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. Round answer to the nearest cent.

P = $38,000, r = 5.0%, t = 3 years

I do not need the answer just which numbers to plug into the formula

undeadknight26 · Answer

Would the formula be:
f(t) = 38000(5.0)^t?

anonymous · Answer

I think the one they gave me was like A (future loan) =

undeadknight26 · Answer

ehhh...im only in 10th so i has no idea O.O
I just tryin what i learned....

anonymous · Answer

haha thats ok!! 10th grade?  This is a finance level 150 course in college lol im  a junior in college. 
thank you for trying though!!

undeadknight26 · Answer

Google is love google is life...If my big bro was up he coulda done this easy... But hes mean and so on -_- Choose your link milday: https://www.google.com/?gws_rd=ssl#q=The+principal+P+is+borrowed+at+a+simple+interest+rate+r+for+a+period+of+time+t.+Find+the+loan's+future+value+A%2C+or+the+total+amount+due+at+time+t.+Round+answer+to+the+nearest+cent.

anonymous · Answer

thank you!!

undeadknight26 · Answer

Sowwy i couldnt help more miss study :)
Im assuming your a miss at least!

anonymous · Answer

i am! haha the picture is my facebook profile pic haha

undeadknight26 · Answer

Thats cool!
Ill go stalk you now!  lololol jk XD