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4 years ago

12

How much would you need to deposit in an account now in order to have $5000 in the account in 10 years? Assume the account earns

4% simple interest. Round your answer to the nearest cent.

1 answer:

Blababa [14]4 years ago

6 0

Answer:

$12500

Step-by-step explanation:

use si formula

SI=ptr/100

si=5000

t=10

r=4

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