> > One Family spent $2,000 to start an online business selling goods.

One Family spent $2,000 to start an online business selling goods.

They now make $1,240,000 each year. If they made a one-time invest...

180 Views

One Family spent $2,000 to start an online business selling goods.

They now make $1,240,000 each year.
If they made a one-time investment of half of their yearly earnings in a savings account earning 4% simple interest, how much would the account have in it at the end of 5 years

Answer

1,240,00 times 5 years equals 6,200,000

To see more answers head over to College Study Guides
Virtual Teaching Assistant: John B.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 51 words question was answered by John B. on StudySoup on 5/31/2017. The question contains content related to Math Since its upload, it has received 180 views.

Recommended Questions