Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest... Answer Revealed
Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest From This Account Over Six Years. How Much Money Should Abigail Invest in This Account to Meet This Goal? the correct answer is $14,200.39.
by Niranjani
Updated Oct 20, 2023
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Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest From This Account Over Six Years. How Much Money Should Abigail Invest in This Account to Meet This Goal?
A. $14,200.39
B. $20,096.67
C. $2,448.02
D. $8,344.10
The correct answer is $14,200.39.
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Abigail Has an Account That Pays 6.92% Simple Interest Per Year - FAQ
1. Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest From This Account Over Six Years. How Much Money Should Abigail Invest in This Account to Meet This Goal?
The answer is $14,200.39.
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