Ali plans to deposit $2,070 in a simple interest account that pays 8.43% interest annually...
90.2K
Verified Solution
Link Copied!
Question
Finance
Ali plans to deposit $2,070 in a simple interest account that pays 8.43% interest annually for a period of 7 years. How much is the total amount Ali would have at the end of the period?
PROVIDE YOUR ANSWER UP TO 2 DECIMAL POINTS.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!