How much would you need to deposit in an account now in order to have $4000 in the account in 15 years? Assume the account earns 6% simple interest. Round your answer to the nearest cent. A

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 18E
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How much would you need to deposit in an account now in order to have $4000 in the
account in 15 years? Assume the account earns 6% simple interest. Round your answer
to the nearest cent.
$
Transcribed Image Text:How much would you need to deposit in an account now in order to have $4000 in the account in 15 years? Assume the account earns 6% simple interest. Round your answer to the nearest cent. $
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