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How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? assume the account earns 8% simple interest. round your answer to the nea…

How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? assume the account earns 8% 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 $4000 in the account in 10 years? assume the account earns 8% simple interest. round your answer to the nearest cent.

asked
User Arshan
by
7.3k points

1 Answer

7 votes

Answer:

$12500

Explanation:

answered
User Lahiru Jayakody
by
8.1k points
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