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The principal P is borrowed at a simple interest rate r for a period oftime t. Find the loan's future value A; or the total

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The principal P is borrowed at a simple interest rate r for a period oftime t. Find the loan's future value A; or the total amount due at time t. P = $1000: r = 5.0%, t = 3 months c:> The loan's future value is SEED. [Do not round until the final answer. Then round to the nearest cent as needed.)

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