Valeria H.
asked • 12/18/20Math simple interest
John is planning for retirement and wants to have an interest income of $3,000 a year. How much must he invest for one year at 8% interest?
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1 Expert Answer
Raymond B. answered • 12/28/22
Tutor
5
(2)
Math, microeconomics or criminal justice
3000 = .08x, 8%=.08
x = 3000/.08 = $37,500
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Valeria H.
Please help !12/18/20