Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $5000.00, r = 9.0%, t = 6 months
Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $5000.00, r = 9.0%, t = 6 months
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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 =
$5000.00,
r =
9.0%,
t =
6
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