Question
Krystal has $26,720 in her savings account and wants this to accumulate to $80,000 for a condominium down payment. Suppose she plans to make deposits
Krystal has $26,720 in her savings account and wants this to accumulate to $80,000 for a condominium down payment. Suppose she plans to make deposits of $5,270 at the beginning of every year into this account which earns 3.46% compounded semi-annually. How long will it take to accumulate the $80,000?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
