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The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total amount due at timet P= $5000, r=4.0%, t=3 months…

The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total amount due at timet P= $5000, r=4.0%, t=3 months…
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The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total amount due at timet

P= $5000, r=4.0%, t=3 months
The loan's future value is $

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User Mayelin
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7.7k points

1 Answer

2 votes

your missing information

how often is it compounded? monthly,yearly, annually, daily?

answered
User Byouness
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8.4k points
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