Question
Jon has accumulated $75,032.95 in an investment account by making end-of-quarter contributions of $750. The investment account earns 4.8% compounded quarterly. How long will it
Jon has accumulated $75,032.95 in an investment account by making end-of-quarter contributions of $750. The investment account earns 4.8% compounded quarterly. How long will it take Jon to accumulate his goal of $180,000? Express your answer in years and months. [2 points]
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Valuation, Measuring And Managing The Value Of Companies
Authors: Tim Koller, Marc Goedhart, David Wessels
7th Edition
1119611865, 9781119611868
