Question
A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 8% compounded quarterly, how long will
A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 8% compounded quarterly, how long will it take for the money to grow to $60,000? (Round your answer to the nearest whole number.)
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
