document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1176671>Question 1176671</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Determine the present value P you must invest to have the future value A at simple interest rate r after time t.\r<BR>\n" );
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document.write( "A = ​$19,000​, r​ = ​$6.5%, t​ = 4 years<BR>\n" );
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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.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #803984 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52786)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=803984\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Determine the present value P you must invest to have the future value A at simple interest rate r after time t.\r<BR>\n" );
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document.write( "A = ​$19,000​, r​ = ​$6.5%, t​ = 4 years<BR>\n" );
document.write( "​<BR>\n" );
document.write( "The present value that must be invested to get ​$19,000 after 4 years at an interest rate of ​6.5% is ​$__. ​<BR>\n" );
document.write( "(Round up to the nearest​ cent.)<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;@ewatrrr solved the problem INCORRECTLY.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;She mistakenly used the formula for the compound account, \r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;although the problem asked to find the solution for a simple interest.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I came to bring a correct solution.\r<BR>\n" );
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document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">\r\n" );
document.write( "A = P*(1+r*t)\r\n" );
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document.write( "19000 = P*(1 + 0.065*4)     \r\n" );
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document.write( "9000 = P*1.26\r\n" );
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document.write( "P = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=19000%2F1.26 ALIGN=MIDDLE  ALT=\"19000%2F1.26\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 15079.37 dollars.     <U>ANSWER</U>\r\n" );
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document.write( "Solved.\r<BR>\n" );
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document.write( "To see many other similar and/or different solved problems on simple interest accounts, &nbsp;look into the lesson\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> \r<BR>\n" );
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document.write( "in this site.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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