Question
You deposit $2,000 in an account that pays simple interest of 4% per annum. The maturity value of your deposit is $2,400. How long was
You deposit $2,000 in an account that pays simple interest of 4% per annum. The maturity value of your deposit is $2,400. How long was your money deposited? Please round to the nearest years.
Points: 1
- 5 years
- 4 years
- 2 years
- 3 years
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
