klbobcling klbobcling

08-06-2016
Health

Answered

Nate has an account that pays 2.76% simple interest per year and wants to accumulate $3,090 in interest from it over the next 15 years. How much money should Nate invest in this account to meet his goal?

Verified Answer :

yelloflash29 yelloflash29

13-06-2016

A = P(1 + rt)

we are to find A. the future value. Lets put in the values.

3090=P(1+.0276)

p=3007$

Answer Link

Related Questions

Which of the following marine ecosystems consists of an aphotic zone A The intertidal zone B The open ocean C The wetland D The coastal ocean PLEASE HELP

A sample of 12 measurements has a mean of 85 and a sample of 20 measurements has a mean of 75 Find the mean of all 32 measurements

What statement is most accurate in describing the trend in manufacturing in the United States

What two adjectives best describe Puritan church service

An object is launched at 196 ms from a height of 588 m The equation for the height h in terms of time t is given by ht 49t2 196t 588 What is the objects maximum

How do you find the area of 6yd

match the form of the verb Anne et Sophie un voyage en France

In what country do they speak Greek

What is the expression in factored form x2 13x 42

Which ruler was the son of Darius and led Persian forces in an unsuccessful campaign to conquer Greece in 480 BC A Themistocles B Leonidas C Xerxes D Pericles

Web Analytics