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If you lend $15,000 to a friend for 17 months at 8% annual simple interest, find the future value of the loan. Report the given
If you lend $15,000 to a friend for 17 months at 8% annual simple interest, find the future value of the loan. Report the given information in this problem and identify the goal: FV = Unknown and goal v PV = $15,000 V 0.08 t = 17/12 years V INT = Unknown and not goal v How much will be owed in 17 months? Round to the nearest cent ($0.01)
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