1 Determine the present value P you must invest to have the future A at simple interest rate r after time t A= $12,000 , r=11.5% , t = 2 years The present value that must be invested to get $12,000...

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Determine the present value P you must invest to have the future A at simple interest rate r after time t

A= $12,000 , r=11.5% , t = 2 years

The present value that must be invested to get $12,000 after 2 years at an interest rate of 11.5% is $_____ (Round up to the nearest cent)