SOLUTION: How much money would yo have accumulated in an investment in order that the yearly interest paid (simple) is equal to $60,000 in the investment pays 7.2%? And using the target from

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: How much money would yo have accumulated in an investment in order that the yearly interest paid (simple) is equal to $60,000 in the investment pays 7.2%? And using the target from      Log On


   



Question 466922: How much money would yo have accumulated in an investment in order that the yearly interest paid (simple) is equal to $60,000 in the investment pays 7.2%? And using the target from the previous problem, find the monthly payment required to accumlate this balance over the course of 20 years.
Answer by Big Poop(157) About Me  (Show Source):