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1.) Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A= $
1.) Determine the present value P you must invest to have the future value A at simple interest rate r after time t.
A= $3000.00 r= 13.0% , t= 6 months
2.) A student borrows $1000 for tuition to be paid back at a simple interest rate of 15% in 6 months. How much does hehe pay back in 6 months?
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