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

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Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $9000.00, r = 11.5%, t = 3 months (Do not round until the final answer. Then round up to the nearest cent as needed.)

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