Question
Mika wants to save $16,000 for a down-payment on a condominium. How long will it take her to reach her goal if she deposits
Mika wants to save $16,000 for a down-payment on a condominium. How long will it take her to reach her goal if she deposits $400 at the end of each month into a savings account earning 12-4.8%? Express your answer in months and round to 2 decimal places.
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Engineering Economics Analysis
Authors: Ted G. Feller
9th Edition
9780195168075
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