Simple interest is given by the formula A=P+Prt . Where A is the balance of the account after t years, and P is the starting principal invested at an annual percentage rate of r , expressed as a decimal. Anthony is investing money into a savings account that pays 5% simple interest, and plans to leave it there for 10 years. Determine what Anthony needs to deposit now in order to have a balance of at least $50,000 in his savings account after 10 years. Anthony will have to invest a minimum of $ now in order to have a balance of at least $50,000 in his savings account after 10 years. Round your answer to the nearest dollar