Compute the simple interest INT for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent. You borrow $12,000 for 6 months at 3% per year. INT= FV=
Compute the simple interest INT for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent. You borrow $12,000 for 6 months at 3% per year. INT= FV=
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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Compute the simple interest INT for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent.
You borrow $12,000 for 6 months at 3% per year.
INT=
FV=
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