Math

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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 -

    FV=PV(1+i)power n
    FV=1000(1+.06)power 6)
    =1000(1.4185)
    =14185

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