Determine how much needs to be invested if you want to end up with $5000 in interest after 7 years of simple interest at 1.8% APR. Starting investment= 39682.54 dollars. Your answer must be accurate to the nearest cent. Do not include the $ in your answer.

Answer rating: 100% (QA)

Answer To solve this problem we need to use the simple interest formula I P x r x t Where I is the ... View the full answer