Question
A saving account earns an interest rate 11.5% per year. I need $1,218,984.36 to make a down payment on a house. I can save $23,000
A saving account earns an interest rate 11.5% per year. I need $1,218,984.36 to make a down payment on a house. I can save $23,000 per year. How long will it take me to accumulate the $1,218,984.36? (Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel.)
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
