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11 December, 19:32

The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total amount due at timet

P = $5000, r=4.0%, t=3 months

The loan's future value is $

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Answers (2)
  1. 11 December, 21:42
    0
    your missing information

    how often is it compounded? monthly, yearly, annually, daily?
  2. 11 December, 22:13
    0
    Use google because I don't know the answer
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