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27-03-2022
Mathematics

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1) Leo wants to open up a new business. He needs $120,000 to be able to start his business. How much does he need to invest at 7% simple interest in order to have a total of $120,000 in 6 years?

Respuesta :

zhiwenc12 zhiwenc12

27-03-2022

Answer:

$285714.2857

Step-by-step explanation:

120000/6= 20000 (One year of interest)

20000/0.07= 285714.2857

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