SOLUTION: ind the amount due at the end of 21 months whose present value is $43,000 at 10% interest in advance

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Question 1041623: ind the amount due at the end of 21 months whose present value is $43,000 at 10% interest in advance
Found 2 solutions by stanbon, MathTherapy:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Find the amount due at the end of 21 months whose present value is $43,000 at 10% interest in advance
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A(t) = P(1+rt)
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A(21/12) = 43000 + 43000*0.1*(21/12) = 43000 + $525 = $43525
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Cheers,
Stan H.
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Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!

ind the amount due at the end of 21 months whose present value is $43,000 at 10% interest in advance
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