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Please solve using the finance solver on a calculator. thank you! The Reliance Volunteer Fire Company wants to take advantage of a state program to
Please solve using the finance solver on a calculator. thank you!
The Reliance Volunteer Fire Company wants to take advantage of a state program to save money to purchase a new fire truck. The truck will cost $490,000, and members of the finance committee estimate that with community and state contributions, they can save $4,500 per month in an ordinary annuity paying 10.1% annual interest. How long will it take to save for the truck? It will take months to save for the truck. (Round up to the nearest month.) Step by Step Solution
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