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soldier1979 [14.2K]
4 years ago
6

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

e account earns 4% simple interest. Round your answer to the nearest cent.
Mathematics
1 answer:
Tresset [83]4 years ago
8 0
You would have to deposit $500 in the account each year in order to reach $5000 in year 10! Hope this helps!
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8 0
3 years ago
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