How much should be invested at 6% to have $1900 at the end of 4.5 years? (Round your final answer to two decimal places.) $ ____ Andy borrowed $9500 for 3 1/2 years at a simple interest rate of 4.7%. Find the total interest paid over this period. $ ____ Thank you

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 11RE: Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the...
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How much should be invested at 6% to have $1900 at the end of 4.5 years? (Round your final answer to two decimal places.)
$ ____

Andy borrowed $9500 for 3 1/2 years at a simple interest rate of 4.7%. Find the total interest paid over this period.

$ ____

Thank you

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