Question: Finance: Written Problem Set 1 1. [2 pts] Find the present value of an investment that is worth $19,513.75 after earning 3% simple interest for

Finance: Written Problem Set 1

1. [2 pts] Find the present value of an investment that is worth $19,513.75 after earning 3% simple interest for 5 1 years.

Point Value for Question:

Formula

1

Work*

0.25

Answer

0.25

Explanation

0.5

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