Answer :
ANSWER
EXPLANATION
Given:
Principa = $5,000
term (in years) = 12 years
rate (r) = 8%
Desired Result:
Worth of the savings in 12 years (Simple Interest)
Determine the worth of the savings in 12 years using Simple Interest Formula
[tex][/tex]ANSWER
EXPLANATION
Given:
Principa = $5,000
term (in years) = 12 years
rate (r) = 8%
Desired Result:
Worth of the savings in 12 years (Simple Interest)
Determine the worth of the savings in 12 years using Simple Interest Formula
[tex][/tex]