document.write( "Question 1176671: Determine the present value P you must invest to have the future value A at simple interest rate r after time t.\r
\n" ); document.write( "\n" ); document.write( "A = $19,000, r = $6.5%, t = 4 years
\n" ); document.write( "
\n" ); document.write( "The present value that must be invested to get $19,000 after 4 years at an interest rate of 6.5% is $__. (Round up to the nearest cent.) \n" ); document.write( "

Algebra.Com's Answer #803971 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

\r\n" );
document.write( "Hi\r\n" );
document.write( "\r\n" );
document.write( "Yes!  Use Simple Interest Formula:\r\n" );
document.write( " A = P(1 + rt)\r\n" );
document.write( " \r\n" );
document.write( "     \r\n" );
document.write( " = $15,079.37 (rounded up to nearest cent)\r\n" );
document.write( "\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
document.write( "

\n" ); document.write( " \n" ); document.write( "

\n" );