Question
(A) Find the simple interest I of the given loan amount. ( Round your answer to the nearest cent.) $3,000 borrowed at 6% for three
(A) Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.) $3,000 borrowed at 6% for three years I =
(B) Find the future value FV of the given present value. (Round your answer to the nearest cent.) $1,800 borrowed at 718%
for three years FV = $
(C) Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,800 borrowed at 718%
for three years FV = $
(D) Find the present value PV of the given future value. (Round your answer to the nearest cent.) Future value $8,300 at 912%
simple interest for four years PV = $
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
