Homework Help: algebra with application

Posted by Anonymous on Sunday, November 27, 2011 at 2:33pm.

$4,000 at 10% for 20 years
(a) Calculate the future amount if the money were invested at simple interest.

algebra with application - Henry, Sunday, November 27, 2011 at 6:14pm
Pt = Po + Po*r*t.

Pt = 4000 + 4000*0.1*20 = $12,000.

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