SOLUTION: I = $14,400 R= 8% T=30 years Find P.

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Question 1157853: I = $14,400
R= 8%
T=30 years
Find P.

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+I+=+P%2Ar%2At+
+14400+=+P%2A.08%2A30+
+P+=+14400+%2F+2.4+
+P+=+6000+
$6,000 principal