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

Other questions asked by students

Medical Sciences
1.2K views

Case study: Patient HL comes into the clinic with the following symptoms: nausea, vomiting, and diarrhea....

General Management
1.2K views

If you owned a restaurant, identify the key employees you would have for your management team...

Biology
1.2K views

A typical action potential in a neuron is caused by which one of the following...

Biology
1.2K views

What would result if more than one sperm fertilized an egg O 1 One sperm...

Accounting
1.2K views

Concord Ltd. issued five-year...

Accounting
1.2K views

Of the following items, which would not be included in factory overhead? A. Indirect labor....

Accounting
1.2K views

Roger is a student who has received an academic scholarship to State University. The scholarship...

Accounting
1.2K views

Cyber Company reported a retained earnings balance of $300,000 at December 31,2010 . In May...

Accounting
1.2K views

Consider the following items for Shocker Enterprises: On November 30,2024, Shocker received a $2,850...

Accounting
1.2K views

5.Parody Publishing sells Potter Harry ultimate collection book bundle at $40perbundle to the book retailers....

Accounting
1.2K views

On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a...

Finance
1.2K views

QUESTION 1 4.55 points A year ago, Frankie Figgs bought 10,000 shares of ABC Corporation's...