Determine the present value p you must invest to have the future value a at simple interest rate r after time t.
a = $14 comma 00014,000, r = 5.55.5%, t = 55 years
equation : a=p(1+rt)

p = $3,478.26

Step-by-step explanation:

Since they give you the formula for the future value at simple interest rate, and we need to find the present value p, we can solve for the variable p  in the formula, isolating it on one side of the equal sign, and then replacing the known values to find the numerical

1) Solve for p first in the formula:

2)  we replace A with the given $14,000, t with 55 years, and r with the decimal form of the 5.5 percent rate, that is: 0.055:

Therefore,the present value to be invested is: $3,478.26

3; 9 is 8 to -4

step-by-step explanation: