Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If you have $577 today and you think you can earn an interest rate of 6% per year, how many years until you have
If you have $577 today and you think you can earn an interest rate of 6% per year, how many years until you have $982?
Step by Step Solution
★★★★★
3.30 Rating (156 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the number of years needed to reach 982 with an interest rate of 6 per year we can use ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
