Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much should be invested now at 5.5% simple interest if $8214 is needed in 2 year I came up with 74672.73 and it is

How much should be invested now at5.5%simple interest if$8214is needed in2year

I came up with 74672.73 and it is wrong

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mechanics of Materials

Authors: Russell C. Hibbeler

10th edition

134319656, 978-0134319650

Students also viewed these Finance questions