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If you could please explain step by step process I would greatly appreciate it. I missed this chapter and I assume I have to use

If you could please explain step by step process I would greatly appreciate it. I missed this chapter and I assume I have to use a formula? image text in transcribed

Find the requested value and tell what the other numbers represent. (a) Find t: 1440 - 6000 (0.06) (t) Identify the following. (Enter the rate as a decimal.) interest$ principal $ rate (b) Find P: 11,000 P+P(0.02)(5) Tell what the other numbers represent. (Enter the rate as a decimal.) future value rate time

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