Answered: Determine the present value P that must…

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A =$8500,r =15%,t =6years

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t.

A =$8500,r =15%,t =6years

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