SOLUTION: determine the present value you must invest to have the future value A at simple interest rate r after time t a=8000 r=12% t=13 weeks

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Question 755432: determine the present value you must invest to have the future value A at simple interest rate r after time t
a=8000 r=12% t=13 weeks
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




which can be written



Where is the present value, is the future value, is the interest rate expressed as a decimal, and is the time in years. Hint: There are 52 weeks in a year.

John

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