Consider the linear equation: 3(x+1) = 3x + 3
1 answer:
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A=futurer amount
P=present amount
r=rate in decimal
n=number of times compounded per year
t=time in years
A=2500
r=0.05
n=2
t=2
divide both sides by [tex} 1.025^{4} [/tex]
2264.88=P
he should invest
$2264.88