(-/8 Points] DETAILS HARMATHAP12 6.3.001. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the requested value (to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 3,000 (1 + 0.03)120 - 1 0.03 S = $ -1 Identify the following. (Assume the rate and time are using the same time period.) periodic payment rate time 1 (b) Find R: 70,000 = R (1 + 0.05)30 0.05 R = $ Identify the following. (Assume the rate and time are using the same time period.) future value $ rate time Need Help? Read It