The principal P is borrowed at 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. Round answer to the nearest cent. P = $700, r = 8.25%,...

The principal P is borrowed at simple interest rate r for<br>a period of time t. Find the loan's future value, A, or<br>the total amount due at time t. Round answer to the<br>nearest cent.<br>P = $700, r = 8.25%, t = 3 months<br>%3D<br>(Round to the nearest cent as needed.)<br>$719.44<br>$714.44<br>$715.75<br>$873.25<br>

Extracted text: The principal P is borrowed at 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. Round answer to the nearest cent. P = $700, r = 8.25%, t = 3 months %3D (Round to the nearest cent as needed.) $719.44 $714.44 $715.75 $873.25

Jun 04, 2022

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The principal P is borrowed at 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. Round answer to the nearest cent. P = $700, r = 8.25%,...

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