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m_a_m_a [10]
1 year ago
10

If the present value of an item is P

Mathematics
1 answer:
Mumz [18]1 year ago
4 0

Answer:

<u>$50,000</u>

Step-by-step explanation:

Formula to find interest :

I = Prt

Solving :

  • I = (20,000)(0.06)(25)
  • I = (1.5)(20,000)
  • I = (30,000)

Future value :

  • P + I
  • 20,000 + 30,000
  • <u>$50,000</u>
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