How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? assume the account earns 8% simple interest. round your answer to the nearest cent.

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Brandon Pelfrey asked Feb 16, 2023

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How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? assume the account earns 8% simple interest. round your answer to the nearest cent.

Mathematics
high-school

Brandon Pelfrey asked Feb 16, 2023

by Brandon Pelfrey

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13 votes

Answer:

$12500

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Nayab answered Feb 23, 2023

by Nayab

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