Equivalent Payments

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if 2,175 was invested 27 months ago at a simple interest rate of 3.9%, what would be the value of the investment 9 months from now. Round your answer to 2 decimal places. (2,429.48)

S=P(1+rt)
P=S/(1+rt)

 

[Deleted member 4993]

if 2,175 was invested 27 months ago at a simple interest rate of 3.9%, what would be the value of the investment 9 months from now. Round your answer to 2 decimal places. (2,429.48)

Please state the formula for "future value" applying simple interest formula. Please define all the para meters of the formula.

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