Find the loan's future value. 11) P= $3000, r = 7%, t = 2 years A...

 

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Find the loan's future value. 11) P= $3000, r = 7%, t = 2 years A = P(I tr+) = 3000 (1+0.07(2)) = 3420 13) P= $26000, r = 9.5%, t = 5 years 12) P= $2000, r = 6%, t = 3 years 14) P= $24000, r = 8.5%, t = 6 years 15) P= $9000, r = 6.5%, t = 8 months 16) P= $6000, r=4.5%, t = 9 months Determine the loan's simple interest to the nearest tenth of a percent. (Use future value formula) 17) P $2000, A = $2150, t = 1 year 18) P= $3000, A = $3180, t = 1 year A = P(ltr) 2150 = 2000 (ltr) 2000 1-075 7.5%) 19) P=$5000, A = $5900, t = 2 years 20) P $10000, A = $14060, t = 2 years 21) P $2300, A = $2840, t = 9 months 22) P $1700, A = $1820, t = 6 months Find the loan's future value. 11) P= $3000, r = 7%, t = 2 years A = P(I tr+) = 3000 (1+0.07(2)) = 3420 13) P= $26000, r = 9.5%, t = 5 years 12) P= $2000, r = 6%, t = 3 years 14) P= $24000, r = 8.5%, t = 6 years 15) P= $9000, r = 6.5%, t = 8 months 16) P= $6000, r=4.5%, t = 9 months Determine the loan's simple interest to the nearest tenth of a percent. (Use future value formula) 17) P $2000, A = $2150, t = 1 year 18) P= $3000, A = $3180, t = 1 year A = P(ltr) 2150 = 2000 (ltr) 2000 1-075 7.5%) 19) P=$5000, A = $5900, t = 2 years 20) P $10000, A = $14060, t = 2 years 21) P $2300, A = $2840, t = 9 months 22) P $1700, A = $1820, t = 6 months