document.write( "Question 1166214: A loan is to be repaid in 9 months by a payment of $1,300. If interest is allowed at 13.15%, what is the present value of the loan? \n" ); document.write( "

Algebra.Com's Answer #790715 by Edwin McCravy(20081) $\"\"$ $\"About$

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document.write( "I = Prt\r\n" );
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document.write( "  P + I = $1300\r\n" );
document.write( "P + Prt = $1300\r\n" );
document.write( "P(1+rt) = $1300\r\n" );
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document.write( "P = $1183.30\r\n" );
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document.write( "Edwin

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