Question
Mary wants to have at least $13,000 available to her on October 15. If her deposit will earn 4.25% simple interest p.a., how much must
Mary wants to have at least $13,000 available to her on October 15. If her deposit will earn 4.25% simple interest p.a., how much must she deposit on April 1?
a. $12,707.04 b. $12,506.00 c. $12,658.50 d. $12,708.49
shou your work plz
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Effective Auditing For Corporates Ensuring That All The Risks Are Covered
Authors: Bloomsbury, Joe Oringel
1st Edition
1849300445, 978-1849300445
