If you would like to make $1323 in 7 years, how much would you have to deposit in an account that pays simple interest of 2%?

asked Aug 4, 2023 134k views

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6 votes

A = $13,366.37

A = P + I where

P (principal) = $10,000.00

I (interest) = $3,366.37

Davepmiller answered Aug 9, 2023

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