Please help!!! the principal P is borrowed at simple interest rate for a period of time t. Find the loans future value, A or the total amoun

Question

Please help!!! the principal P is borrowed at simple interest rate for a period of time t. Find the loans future value, A or the total amount and round answer to nearest cent. P= $5900, r=4.5%, t=22 months
a) 6386.75
b) 11,741.00
c) 6391.75
d) 6431.00

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Thạch Thảo 4 years 2021-09-02T18:10:03+00:00 1 Answers 5 views 0

Answers ( )

  1. lethu
    0
    2021-09-02T18:11:44+00:00
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    Answer:

    Step-by-step explanation:

    A=P(1+rt)\\ \\ P=\$ 5900,\ r=0.045,\ t=22/12\\ \\ A=5900(1+0.045(22/12))\\ \\ A=\$ 6386.75

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