Question: Question 2 (5 points) Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time
Question 2 (5 points) Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar. A = $728.00, r = 12%, t = 4 months OA) $7012.00 OB) $175.00 C) $701.00 OD) $700.00
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