Answered: Find the future value of the loan.…

Find the future value of the loan. Round your answer to the nearest cent. P=$1000 ,r= 5% t=8 years The future value of the loan is $ .

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

Find the future value of the loan. Round your answer to the nearest cent.

P=$1000 ,r= 5% t=8 years

The future value of the loan is

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