Question
Dan and Jane have estimated that they will need $17,000 to pay for their dream vacation to Turks & Caicos. They have $12,000 in an
Dan and Jane have estimated that they will need $17,000 to pay for their dream vacation to Turks & Caicos. They have $12,000 in an online savings account that they can invest at an annual rate of 2.97%, compounded semi-annually. How long will they have to wait before they can afford the trip?
- A. 12 years
- B. 11 years
- C. 10 years
- D. 9 years
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
