Find the present amount needed to attain a future amount of F dollars in the given time using an annual simple interest rate of r. F = $5800, r = 8.2%, 2 years $

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter13: Sequences And Series
Section13.4: Mathematics Of Finance
Problem 26E
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Find the present amount needed to attain a future amount of F dollars in the given time using an annual simple interest rate of r.

F = $5800, r = 8.2%, 2 years

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