Question
AJ is saving for a trip for his family and as of today has accumulated $450 in a trip fund. AJ's goal is to accumulate
AJ is saving for a trip for his family and as of today has accumulated $450 in a trip fund. AJ's goal is to accumulate $900, 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 9%, how long, in years and in fractions of a year, will it take AJ to achieve his goal?
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Islamic FinanceA Practical Perspective
Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam
1st Edition
3319665588, 9783319665580
