<PRE><B>Question 309835</B>
What amount of money should you invest today, at 6 1/8% simple interest per year, in order to yield a future value of $8,500 at the end of two years and three months? 
-------------
A(t) = P + I
A(t) = P + Prt
A(t) = P(1+rt)
-------------------
A(2 1/4 yrs) = P (1 + 0.06125*2.25)
----
8500 = P(1.1370)
P = $7470.48
========================
Cheers,
Stan H.</PRE>