Maggie wants to build up the money her bank account. She would like to have $2,000 in interest in her bank account after 19

Question

Maggie wants to build up the money her bank account. She would like to have $2,000 in
interest in her bank account after 19 years. If the simple interest rate is 2.4%, how much
money will she need to deposit to reach her goal?
Provide the numerical solution rounded to the nearest cent. You do not need to the $
symbol.

Kunduz · Accepted Answer

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