Lily has an account that pays 3.48% simple interest per year and wants to accumulate $4,000 in interest from it over the next 12

Question

Lily has an account that pays 3.48% simple interest per year and wants to accumulate $4,000 in interest from it over the next 12 years. How much money should Lily invest in this account to meet her goal?

Kunduz · Accepted Answer

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