Answer:
the future value would be 473.72 if p is referring to future value
if p is referring to present value it is 121.59
if p is referring to payment it is 58.37
Step-by-step explanation:
you can use spreadsheets to solve this equation using =pmt/=fv/=pv
Step-by-step explanation:
[tex]s .i = \frac{prt}{100} [/tex]
[tex]240 = p \times \frac{12}{100} \times 6[/tex]
[tex]240 = \frac{18}{25} p[/tex]
[tex]240 \div \frac{18}{25} = p[/tex]
[tex]p = 333.3333[/tex]
