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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asked Jan 25, 2023 65.9k views

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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

Arshan asked

by Arshan

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7 votes

Answer:

$12500

Explanation:

Lahiru Jayakody answered Jan 31, 2023

by Lahiru Jayakody

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