Question
AJ is saving for a trip for his family and as of today has accumulated $ 875 in a trip fund. AJ's goal is to
AJ is saving for a trip for his family and as of today has accumulated $875 in a trip fund. AJ's goal is to accumulate $1750, or 2 times this amount to support the trip. Assuming that all of AJ's trip fund is invested to earn an interest rate of 7%, how long, in years and in fractions of a year, will it take AJ to achieve his goal?
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The New International Financial System Analyzing The Cumulative Impact Of Regulatory Reform
Authors: Douglas Evanoff , Douglas D Evanoff , Andrew G Haldane , George G Kaufman
1st Edition
9814678325,9814678341
