document.write( "Question 727092: \r
\n" );
document.write( "\n" );
document.write( "determine the present value p, you must invest to have a future value,A, at simple interest rate r after time t. round answer to the nearest dollar.
\n" );
document.write( "A=5500 r=10% t=1 year \n" );
document.write( "
Algebra.Com's Answer #444978 by checkley79(3341)![]() ![]() ![]() You can put this solution on YOUR website! P(1+.10)^1=5,500 \n" ); document.write( "1.1P=5,500 \n" ); document.write( "P=5,500/1.1 \n" ); document.write( "P=$5,000 IS THE ORIGINAL INVESTMENT. \n" ); document.write( " |