math

posted by .

Interest= $432
r=6%
t=8 years
How do I calculate the principal and future value?

  • math -

    I = PRT

    432 = P * 0.06 * 8

    432 = 0.48 * P

    432/0.48 = P

    900 = P

    900 + 432 = ?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    Computing future value calculate the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.
  2. Math

    compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
  3. Math

    compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
  4. Math

    compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
  5. geometry

    Using the following values, calculate the amount accumulated (future value): Initial Principal = $9000 Interest Rate = 8% Number of years = 9 Monthly Compounding
  6. Math

    If the principal P = $900, the interest I = $882, and time t = 7 years. What is the rate?
  7. math

    If the principal P = $500, the interest I = $250, and the rate r = 10%, find the following. (a) What is the time?
  8. Finance

    Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate?
  9. math

    Rob has a balance of 1695$ in his bank account The account pays 2.9% interest per year, compounded annually. The compound interest formula is A=P(1+i)^n A=future value\P=principal/i+interest rate/n=number of payments rods balance will …
  10. efe

    find the formula for calculating compound interest. If Mr. John Chrystal invests $6,000 today (Present Value) at a compound interest of 9 percent, calculate the Future Value of the investment after 30 years using the compound interest …

More Similar Questions