Anna O.
asked • 05/16/21$1000 at 8% simple interest deposit $750
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1 Expert Answer
Yefim S. answered • 05/18/21
Tutor
5
(20)
Math Tutor with Experience
FV = PV(1 + rt); t = (FV/PV - 1)/r = (1000/750 - 1)/0.08 = 4.17 years
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Mark M.
Statement does not make sense.05/16/21