Question: The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the

The principal P is borrowed at a simple interest rate r

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P=$1000,r=7.5%,t=3 months The loan's future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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