Show how the formulas I = PRT and MV = P + I lead to the formula

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Show how the formulas I = PRT and MV = P + I lead to the formula MV = P(1 + RT).

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:48 AM

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The compound amount or future value can be found using two formulas: I = PR (assuming T = 1) and A = P + I. show how these two formulas relate to the single formula A = P(1 + R)?
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Show how the formulas I = PRT and MV = P + I lead to the formula

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Start with the formula MV P I and ...View the full answer

Business Math

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