SOLUTION: how much money would you have to accumulate in an investment in order the the yearly interest paid (simple) is equal to $70000 in the investment pays 5.9%

Algebra.Com
Question 720588: how much money would you have to accumulate in an investment in order the the yearly interest paid (simple) is equal to $70000 in the investment pays 5.9%
Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!
Let = amount in investment



The investment is $1,186,440.60

RELATED QUESTIONS

How much money would yo have accumulated in an investment in order that the yearly... (answered by Big Poop)
WORKSHEET 2 Interest Simple Interest Simple Discount Compound Interest Solve for... (answered by ikleyn)
How much money should be invested in an annual interest rate of 8% in order to earn $250... (answered by Nate)
how much would you need to deposit in an account now in order to have $6000 in the... (answered by stanbon)
how much would you need to deposit in an account now in order to have $6000 in the... (answered by Theo)
How much would you need to deposit in an account now in order to have $5000 in the... (answered by josgarithmetic)
How much money do I have to deposit in my account every 4 weeks in order to make one... (answered by jim_thompson5910)
Thank you in advance. A business earned $6570 this year on an investment of $45,000 in (answered by stanbon)
You have $8000 you would like to deposit into an interest paying account. You find a... (answered by rfer,josmiceli)