Basil Francis A.
asked 02/05/21Solve for the missing values of the following table. Show your solutions below the table.
1 Expert Answer
Bradford T. answered 02/07/21
MS in Electrical Engineering with 40+ years as an Engineer
Assuming Simple Interest:
I = Prt
F = P(1+rt)
P = I/(rt), r = I/(Pt), F = P + I, t = I/(Pr)
P r t I F
A 13500 3.5% 2 years 945 14445
B 2000 4.375% 4 years 350 2350
C 2963 7.5% 2.25 years 500 3463
D 5500 10.9% 8 months 400 5900 (8 months = 8/12 years)
E 3500 5.375% 4.385 years 825 4325
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Basil Francis A.
F is the accrued value, the missing part of the picture is just the instruction. Same as what I have typed as the question.02/05/21