In banking and finance, the formula gives present value at simple interest. If P = 600, M

Question:

In banking and finance, the formula

gives present value at simple interest. If P = 600, M = 750, and R = 0.125, find T.

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Question Posted: Jun 06, 2023 09:16 AM

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In banking and finance, the formula gives present value at simple interest. If P = 600, M

Question:

P = M 1 + RT

Step by Step Answer:

We can use the given values and plug them into the formula then solve ...View the full answer

Intermediate Algebra

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