document.write( "Question 1161158: 1) Find the future value of a simple interest loan of $4,000 at 5.5% interest for 7 months?
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Algebra.Com's Answer #784685 by MathTherapy(10552) $\"\"$ $\"About$

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1) Find the future value of a simple interest loan of $4,000 at 5.5% interest for 7 months?
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\n" ); document.write( "3) Find the time required for an investment of 5000 dollars to grow to 6400 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
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Answer for 1) from the other person is WRONG. Does he really think that investing $4,000 for 7 months could YIELD only $18 in interest? 
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document.write( "$18 in interest represents an interest rate of .77%, which is less than 1%.
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document.write( "Correct answer: , with Future Value being A
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document.write( "In terms of years (the usual time frame), 3) should be: , with A being future value and t being time, in years. \n" );
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