Question: If an account earns 3% simple interest, how much would you need to deposit in it now in order to have $ 6000 in 8
If an account earns 3% simple interest, how much would you need to deposit in it now in order to have $ 6000 in 8 years? Round your answer to the nearest cent
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
