Given: P = P500,000 r = 12.5% t = 10 years Find: I (Simple Interest) F (Future Value) Solution: To Solve I: I = Prt 1 = (500,000)(0.125)(10) I = P 625,000 To Solve F: F = P +7 F = 500,000 + 625,000 F=P 1,125,000.00

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