Two friends shop for fresh fruit. Jackson buys a watermelon for $6.35 and 4 pounds of cherries. Tim buys a pineapple for $4.25 a
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Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)