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How much would you need to deposit in an account now in order to have $2000 in the account in 15 years? Assume the account earns 3% simple interest. Round your answer to the nea…

How much would you need to deposit in an account now in order to have $2000 in the account in 15 years? Assume the account earns 3% simple interest. Round your answer to the nea…
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How much would you need to deposit in an account now in order to have $2000 in the account in 15 years? Assume the account earns 3% simple interest. Round your answer to the nearest cent.

asked
User Danilo Ramirez
by
8.4k points

1 Answer

3 votes
3136.62
2000e^(15•.03
answered
User Simon Hughes
by
8.4k points
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