Find the present value of an investment that is worth $19,513.75 after earning 3% simple interest for 5 ” years. p=? I= 19,513.75 R=3% T=5 years Is this the correct formula?
Find the present value of an investment that is worth $19,513.75 after earning 3% simple interest for 5 “
years.
p=?
I= 19,513.75
R=3%
T=5 years
Is this the correct formula?
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