Georgiaabuch Georgiaabuch

09-06-2021
Business

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Find the present value of $7,000 in 7 months at 9% interest

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Аноним Аноним

09-06-2021

Answer:

[tex] = principle \times rate \times time \\ = 7000 \times \frac{9}{100} \times 7 \\ = 4410 \: dollars[/tex]

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09-06-2021

The final balance is $7,375.87.
The total compound interest is $375.87.

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