Answered: How much money should be invested right…

How much money should be invested right now to be worth $480 after 9 years at 8.5% simple interest? Round your answer to the nearest cent.

Mathematics For Machine Technology

8th Edition

ISBN:9781337798310

Author:Peterson, John.

Publisher:Peterson, John.

Chapter24: Percent Practical Applications

Section: Chapter Questions

Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...

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How much money should be invested right now to be worth $480 after 9 years at 8.5% simple interest? Round your answer to the nearest cent.

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