document.write( "Question 280452: how much would i need to invest now if i need 25,000 in 6 years time and i can invest @ 6% simple interest? \n" ); document.write( "
Algebra.Com's Answer #203888 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
Simple interest is not compounded.\r
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\n" ); document.write( "\n" ); document.write( "The formula would be:\r
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\n" ); document.write( "\n" ); document.write( "y = x + (.06x*6) = x + .36x = 1.36x\r
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\n" ); document.write( "\n" ); document.write( "You have y = 1.36*x\r
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\n" ); document.write( "\n" ); document.write( "Divide both sides of this equation by 1.36 to get x = y/1.36\r
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\n" ); document.write( "\n" ); document.write( "If y = 25000, then x = 25000/1.36 = 18382.35294\r
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\n" ); document.write( "\n" ); document.write( "You have to invest 18382.35294 today to have 25000 in 6 years at 6% per year simple interest (no compounding).\r
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