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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.
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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
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7.5k points

1 Answer

4 votes

Answer:

9%

Explanation:

User Stephen Lautier
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6.9k points
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