Question
I have an opportunity to invest $29,000 today at a compound interest rate of 6.1% p.a compounded monthly. I intend to withdraw the total account
I have an opportunity to invest $29,000 today at a compound interest rate of 6.1% p.a compounded monthly. I intend to withdraw the total account balance when it reaches $110,000. How long do I need to hold the investment? Answer in months to two decimal places.
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
