• 2022-06-07
    If you need to save up $8,000 in your account by the end of 9 months, and interest is 3% per annum simple interest, how much should you deposit today?
    A: 8,000/[1+0.03x(9/12)]
    B: 10,000/[1+0.03x(9/12)]
    C: 8,000/[0.03x(9/12)]
    D: 8,000/[0.03x(9/12)]