Question
Mr. Gordon plans to invest $500 at the end of each month in an account that pays 12%, compounded monthly. After how many months will
Mr. Gordon plans to invest $500 at the end of each month in an account that pays 12%, compounded monthly. After how many months will the account be worth $40,000? Solve the problem. (Round your answer UP to the nearest month.)
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Sabotage The Business Of Finance
Authors: Ronen Palan
1st Edition
0141986247, 978-0141986241
