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can you also explain if this is present/future value and annuity due or ordinary annuity? Paul wishes to accumulate $2,200,000. His money market fund has
can you also explain if this is present/future value and annuity due or ordinary annuity?
Paul wishes to accumulate $2,200,000. His money market fund has a balance of $543,353 and has a guaranteed interest rate of 6%. How many years must Paul leave that balance in the fund in order to get his desired $2,200,000 ? (Round answer to 0 decimal places, eg. 45.) Number of years years Step by Step Solution
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