Question: Solve for the unknown variables based on the information provided for the following simple interest scenarios. ( Round all quantities to two decimal places. NOTE
Solve for the unknown variables based on the information provided for the following simple interest scenarios.
Round all quantities to two decimal places. NOTE that this means decimal interest rates should be rounded to four places before converting back to a percentage!
tableInterest Amount,PrincipalPresent Value,Interest Rate,Time,MaturityFuture Value$ per month, months,
Solve for the future value at the end of the term based on the information provided.
Round your answer to two decimal places.
tablePrincipalInterest Rate,Term,Future Value$ compounded monthly, years, months,
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