The principal p is borrowed at a simple interest rate r for, Financial Management

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The principal p is borrowed at a simple interest rate r for

The principal P is borrowed at a simple interest rate r for a period of time t. Find the? loan's future value? A, or the total amount due at time t.

P=$5000, r=5.5%, t=8 months.

The loans future value is $?

(Do not round until the final answer. Then round to the nearest cent as? needed.)

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Financial Management: The principal p is borrowed at a simple interest rate r for

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