Question
Interest is calculated with the following formula I=Prt
What is the future value ( present value + interrst ) of this account?
Present value is $600; interest is 6%
Term is 12 years
( Enter your answer as dollars and cents. )
What is the future value ( present value + interrst ) of this account?
Present value is $600; interest is 6%
Term is 12 years
( Enter your answer as dollars and cents. )
Answers
600 times .06 times 12. Add this answer to 600.
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