Question
How long will it take a $48,000 investment to grow to $50,258.85 if money earns 2.18% compounded quarterly? Use I/Y=2.18, P/Y=4, PMT=0. Input N in
How long will it take a $48,000 investment to grow to $50,258.85 if money earns 2.18% compounded quarterly?
Use I/Y=2.18, P/Y=4, PMT=0.
Input N in the Answer box and input years and months in the second box, rounding up to the next month. e.g. Answer: 6.78; units: 3 years 5 months
ANSWER=
UNIT=
use BA II PLUS CALC
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
