SOLUTION: in 6 months you want to have 7000 worth of remodeling done to your home how much should you invest at 9 percent simple interest to have enough money for the project round up to the
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Question 587496: in 6 months you want to have 7000 worth of remodeling done to your home how much should you invest at 9 percent simple interest to have enough money for the project round up to the nearest 10th Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! in 6 months you want to have 7000 worth of remodeling done to your home how much should you invest at 9 percent simple interest to have enough money for the project round up to the nearest 10th
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A(t) = P(1+rt)
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7000 = P(1+0.09(1/2))
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7000 = P(1.045)
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P = 7000/1.045
P = $6,698.56
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Cheers,
Stan H.
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