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(a) Matthew Finley wishes to become a millionaire. His money market fund has a balance of $97,788 and has a guaranteed interest rate of
(a) Matthew Finley wishes to become a millionaire. His money market fund has a balance of $97,788 and has a guaranteed interest rate of 10%. How many years must Matthew leave that balance in the fund in order to get his desired $1,282,000? (Round answer to O decimal places, eg. 45.) years
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck
16th edition
9781133712701, 1133187862, 1133712703, 978-1133187868
