Register

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.

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.
41.4k views
4 votes
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.

User Sparkmasterflex
by
8.0k points

1 Answer

4 votes

Answer:

9%

Explanation:

User Stephen Lautier
by
8.3k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!