How much would you need to deposit in an account now in order to have $5000 in the account in 10 years? Assume the account earns 5% simple interest.

TVK asked Apr 6, 2022

329,043 views

18 votes

TVK asked Apr 6, 2022

by TVK

3.0k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

15 votes

Answer:

Explanation:

Kevbo answered Apr 9, 2022

by Kevbo

2.9k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers