# present value of money

Determine the present value P you must invest to have the future value A at simple interest rate r after time t.

A=$8000.00 r=11.5% t=6months.

Round this to the nearest cent

https://brainmass.com/math/consumer-mathematics/present-value-money-195118

#### Solution Preview

The simple interest earned over a period of time t is

I = P * r * t, where t is ...

#### Solution Summary

The solution shows how to calculate the present value of money using simple interest rate.

$2.19