Homework Help: Math

Posted by Queen on Saturday, December 8, 2012 at 7:48pm.

Anna Cavanaugh loaned her friend Jason 1,000 for 6 months at 6% simple interest. what is the future value of the loan and how much finance charge will Jason pay?

Math - khan, Saturday, December 8, 2012 at 11:56pm
FV=PV(1+i)power n
FV=1000(1+.06)power 6)
=1000(1.4185)
=14185

Answer this Question

Related Questions

Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...
Algebra - Micheal loaned two of his roommates a total of $4,000. He charged his ...
Finance - Find the future value of $10,000 invested now after five years if the ...
math - Using the present value formula you deposit $12,000 in an account that ...
math - what is the simple interest of $1500.00 for 4 months at 63/4% annual ...
math 156 - find the simple interest for the indicated length of time. $20000 at ...
business math 205 - Calculate the future ANNUITIES DUE. Round to the nearest ...
math - Suppose you borrow $4200 at an annual simple interest rate of 10.5% for a...
Math - Envision that you have served as business manager of Media World for ...
math - Computing future value calculate the future value of a retirement account...

For Further Reading

First Name:
School Subject:
Answer: