Question
Charlie deposited $5000 into an account with a 2.4% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take
Charlie deposited $5000 into an account with a 2.4% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $6500? Round to the nearest hundredth
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
