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%

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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) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = amount in investment
+.059x+=+70000+
+x+=+70000+%2F+.059+
+x+=+1186440.6+
The investment is $1,186,440.60