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19. For the simple interest loan whose terms are given below, find the principal required to reach the given future value at the end of the specified time. Future value: $9000 Interest rate: 3.2% Time:
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19. For the simple interest loan whose terms are given below, find the principal required to reach the given future value at the end of the specified time. Future value: $9000 Interest rate: 3.2% Time: 5 years Principal: $

User Mahdi Yousefi
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1 Answer

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We will use the following formula:


PV=(FV)/((1+i/12)^(12n))
undefined

User KiNgMaR
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