The future value of money under simple interest is calculated using the equation: F = P(1+rt), where F is the future value, P is the present value, r is the interest rate, and t is the time in years.
F = ($2500)(1+0.1*1.5) = ($2500)(1.15) = $2875
Explanation:
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Roosevelt said that the US would prevent Latin American countries from illegal actions.
