Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. maggie wants to build up the money her bank accoun

Maggie wants to build up the money her bank account. She would like to have...

50.1K

Verified Solution

Question

Algebra

image

Maggie wants to build up the money her bank account. She would like to have $2,000 ininterest in her bank account after 19 years. If the simple interest rate is 2.4%, how muchmoney will she need to deposit to reach her goal?Provide the numerical solution rounded to the nearest cent. You do not need to the $symbol.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

AP Chemistry Algorithmic Question 27 Part A Magnesium burns in air with a dazzling brilliance to produce magnesium...

Chemistry
Q

Market Makers Inc. (MMI) provides a range of services to its retail clients—customer service for inquiries,...

Accounting
Q

In an isosceles triangle ABC with AB AC the bisector of angle C meets side...

Geometry
Q

21 2 We call a circle Ca Yeppeun circle for P and P if C...

Basic Math
Q

Determine whether the series is convergent or divergent use ratio test or root test 1...

Basic Math
Q

Using the Child Development dataset in the Math 12 group in StatCrunch construct 2 boxplots...

Statistics
Q

1 For each differential equations below state whether the differential equation is separa ble or...

Calculus
Q

please I need help with these questions and the others one I posted help ...

Accounting
Q

10. Which was NOT listed as a significant risk factor for the Columbia...

Accounting
Q

Business: Accounting services as LLP. Please elaborate with more depth. Research your industry and...

Accounting
Q

[The following information applies to the questions displayed below.] Case A. Kapono Farms exchanged an...

Accounting
Q

A contractor estimates labor and material costs for a job to be $2,500. Allowing for...

Accounting