Question: Determine the present value Determine the present value P that must be invested to have the future value A at simple interest rate r after

Determine the present value

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $8000, r= 1.45%, t = 9 months The present value P that must be invested is $ Round up to the nearest cent as needed.)

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