Question
How long will it take to save $2617.00 by making deposits of $125.00 at the end of every year into an account earning interest at
How long will it take to save $2617.00 by making deposits of $125.00 at the end of every year into an account earning interest at 4% compounded annually? State your answer in years and months(from 0 to 11months).
It will take
year(s) and
month(s).?
answers only needed
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Get StartedRecommended Textbook for
Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
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