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
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
Problem 1P
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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]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1cff5689-7bd0-475a-a8ff-9b9e13f1a527%2F5e5a4349-fe70-46d6-a825-2dd639d939be%2Fto09efw_processed.jpeg&w=3840&q=75)
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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