Question
A couple needs $18,109.49 as a down payment for a home. If they invested the $7,000.00 they have at 6% compounded every 4 months, how
A couple needs $18,109.49 as a down payment for a home. If they invested the $7,000.00 they have at 6% compounded every 4 months, how long will it take for the money to grow into $18,109.49? It will take years. (If needed, round your answer to 1 decimal place.)
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
