SOLUTION: in 6 months you want to have $7000 worth of remodeling done to your home how much should you invest now at 9% simple interest

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Question 816470: in 6 months you want to have $7000 worth of remodeling done to your home how much should you invest now at 9% simple interest
Found 2 solutions by rfer, MathTherapy:
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
7000=P(1.09)^0.5
7000/1.044=P
P=$6705.00

Answer by MathTherapy(10551) About Me  (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 now at 9% simple interest 


Invest $highlight_green%286698.56%29

You can do the check!! 



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