Question: First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the resulting equation to solve for the unknown variable.
First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the resulting equation to solve for the unknown variable. Obtain dollar amounts accurate to the nearest cent and other quantities to three-figure accuracy.
Use formula (6-2) to calculate P if r = 0.004, S = $3626, and t = 9.
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