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The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $6000, r = 7%, t 6 years ... (Round to the nearest cent as needed.)

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $6000, r = 7%, t 6 years ... (Round to the nearest cent as needed.)

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $6000, r= 7%, t 6 years (Round to the nearest cent as needed.) O Time Remaining: 01:28:53 Next MacB esc 2O F3 000 F2 F4 $ % 2 4 Q W E R # 3
Transcribed Image Text:The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $6000, r= 7%, t 6 years (Round to the nearest cent as needed.) O Time Remaining: 01:28:53 Next MacB esc 2O F3 000 F2 F4 $ % 2 4 Q W E R # 3
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Given the query is to find the future value of the loan amount using simple interest formula.

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