Question
Ali needs $7500 for a future project. He can invest $6000 now at an annual rate of 14.5%, compounded semiannually. Assuming that no withdrawals are
Ali needs $7500 for a future project. He can invest $6000 now at an annual rate of 14.5%, compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project? Round your answer to the nearest hundredth
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
