math
posted by kasey .
Charlie wants to buy a $900 TV in 15 months. How much should he invest now at 14% simple interest to have the money in 15 months?

Po + 0.14/yr * 1.25yr *Po = 900,
Po + 0.175 * Po = 900,
1.175 * Po = 900
Po = 900/1.175 = 765.96. = Investment
Respond to this Question
Similar Questions

math
Charlie wants to buy a $900 TV in 9 months. How much should he invest now at 17% simple interest to have the money in 9 months? 
Math
Charlie wants to buy a $1000 TV in 9 months. How much should he invest now at 13% simple interest to have the money in 9 months? 
sdsu
Madalyn wants to buy a 400 dollars stereo set in 9 months. How much should she invest at 3% simple interest to have the money then? 
math 109
Charlie wants to buy a $500 TV in 8 months. How much should he invest now at 4% simple interest to have the money in 8 months? 
Math
Charlie wants to buy a $500 TV in 9 months. How much should he invest now at 8% simple interest to have the money in 9 months? 
Equivalent Payments
Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of … 
Math
Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of … 
interest
How much should you invest at 3% simple interest in order to earn $95 interest in 8 months? 
Interest
How much should you invest at 4.4% simple interest in order to earn $85 interest in 11 months? 
Interest
How much should you invest at 3.4% simple interest in order to earn $50 interest in 13 months?