SOLUTION: Find the future value "A" or the total amount due at the time "T" for:
p= $5000 r= 8% t=3 years
Algebra.Com
Question 316341: Find the future value "A" or the total amount due at the time "T" for:
p= $5000 r= 8% t=3 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+.08)^3
A=5000(1.08)^3
A=$6298.56
RELATED QUESTIONS
Find the loan's future value A, or the total amount due at time t.
P = $3000, r = 6%, t... (answered by Theo)
The principal P is borrowed at a simple interest rate r for a period of time t. Find... (answered by MathLover1)
The principal P is borrowed at a simple interest rate r for a period of time t. Find... (answered by math_tutor2020)
The principal P is borrowed at a simple interest rate r for a period of time t. Find... (answered by ikleyn)
The principle 'P' is borrowed at simple interest rate 'r' for a period of time 't'. Find... (answered by rfer)
1st question:
The principal P is borrowed at a simple interest rate r for a period of (answered by ikleyn)
THe principle 'P' and the future value 'A' are given at time 't'. Find the simple... (answered by rfer)
1.) A savings account in which people make regular payment amounts to save toward future... (answered by ikleyn)
Determine the present value P you must invest to have the future value. A at simple... (answered by stanbon)