Question
1 = PrtA = P(1 + rt){USE FOR FOLLOWING QUESTIONS} 3. Find the simple interest on an investment of $1150 at 6.2% APR for 6
1 = PrtA = P(1 + rt){USE FOR FOLLOWING QUESTIONS}
3.Find the simple interest on an investment of $1150 at 6.2% APR for 6 months.
4. How much should be invested now in a CD at an APR (simple) of 7.5% if you will need $5200 in 30 months?
Please explain the answers.
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Introductory Real Analysis
Authors: A N Kolmogorov, S V Fomin, Richard A Silverman
1st Edition
0486134741, 9780486134741
