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Asked by Merelesita

If sheila wants to earn 10% annual simple interest on an investment, how much should she invest so that its value is worth $20000 in 15 months?
11 years ago

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Answered by Steve
P(1+.10/12*15)=20000
P = 17,777.78
11 years ago
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If sheila wants to earn 10% annual simple interest on an investment, how much should she invest so that its value is worth $20000 in 15 months?

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