miloubbb1754 miloubbb1754

25-06-2020
Mathematics

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

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gigi0002003 gigi0002003

25-06-2020

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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