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Find the present value of $7,000 in 7 months at 9% interest
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Find the present value of $7,000 in 7 months at 9% interest

User Hizzy
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2 Answers

3 votes
The final balance is $7,375.87.
The total compound interest is $375.87.
User Abhinav Manchanda
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4.3k points
3 votes

Answer:


= principle * rate * time \\ = 7000 * (9)/(100) * 7 \\ = 4410 \: dollars

User Jainender Chauhan
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