Simple Interest Loans?

1.) Find the future value of an investment of $20,000 made at 3% simple interest for 5 陆 years.

2.) A firm of accountants ordered 7 new computers at a cost of $35,728. The machines will not be delivered for 6 months. What amount can the firm deposit into an account paying 5% simple interest to have enough to pay for the machines?

1. 1,720.60 Not that great, there are money markets out there that are better than that and you have access to the money.

2. Approximately $35,228.12 (that's what I came up with)

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