I now have $20,000 in the bank earning interest of .5% per month. I need $30,000 to

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I now have $20,000 in the bank earning interest of .5% per month. I need $30,000 to make a down payment on a house. 1 can save an additional $100 per month. How long will it take me to accumulate the $30,000?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 30, 2016 09:10 AM

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I now have $20,000 in the bank earning interest of .5% per month. I need $30,000 to

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Your savings goal is FV 30000 You currently have in ...View the full answer

Fundamentals of Corporate Finance

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