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 $1800, or 4 times this amount to support the trip. Assuming that all of AJ's trip fund is invested to earn an interest rate of 5%, how long, in years and in fractions of a year, will it take AJ to achieve his goal?
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Introduction to Chemical Engineering Thermodynamics
Authors: J. M. Smith, H. C. Van Ness, M. M. Abbott
7th edition
71247084, 978-0071247085
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