In 2126, determine the present value, P, you must invest to have the future value, A, at

Chapter 8, Problem 26

(choose chapter or problem)

In Exercises 21-26, determine the present value, P, you must invest to have the future value, A, at a simple interest rate r after time t. Round answers up to the nearest cent.

A = $2000, r = 12.6%, t = 8 months

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