Question: Using the simple interest formula I = Prt, determine the deposit that must be made to earn $59.78 in 197 days at 8.49% p.a. The

Using the simple interest formula I = Prt, determine the deposit

Using the simple interest formula I = Prt, determine the deposit that must be made to earn $59.78 in 197 days at 8.49% p.a. The deposit required is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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