Question
Henry wants to save $200,000 for a downpayment on a house. At the end of each year, he plans to save $10,000 in an account
Henry wants to save $200,000 for a downpayment on a house. At the end of each year, he plans to save $10,000 in an account paying 4% interest. How long will it take for him to reach his savings goal?
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
