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30-10-2022
Mathematics

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19. For the simple interest loan whose terms are given below, find the principal required to reach the given future value at the end of the specified time. Future value: $9000 Interest rate: 3.2% Time: 5 years Principal: $

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StokelyR749781 StokelyR749781

30-10-2022

We will use the following formula:

[tex]PV=\frac{FV}{(1+i/12)^{12n}}[/tex][tex]undefined[/tex]

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