How much would you need to deposit in an account now in order to have $4,000.00 in the account in 764 1 days? Assume the account earns 2-% simple interest. You would need to deposit in your account now. Hint Question Help: Video 1 D Video 2 Message instructor Submit Question

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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**Problem Statement:**  
How much would you need to deposit in an account now in order to have $4,000.00 in the account in 764 days? Assume the account earns \(2 \frac{1}{4}\%\) simple interest.

**Solution Requirement:**  
You would need to deposit [____] in your account now.

**Hint:**  
[Hint link]

**Question Help:**
- [Video 1]
- [Video 2]
- [Message Instructor]

**Submit Answer:**  
[Submit Question button]
Transcribed Image Text:**Problem Statement:** How much would you need to deposit in an account now in order to have $4,000.00 in the account in 764 days? Assume the account earns \(2 \frac{1}{4}\%\) simple interest. **Solution Requirement:** You would need to deposit [____] in your account now. **Hint:** [Hint link] **Question Help:** - [Video 1] - [Video 2] - [Message Instructor] **Submit Answer:** [Submit Question button]
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