Problem $5-31$ Future Value of Annuities $($LO$3)$

A saving account earns an interest rate $5\%$ per year. I need $$439,761\mathrm{.}66$ to make a down payment on a house. I can save $$14,400$ per year. How long will it take me to accumulate the $$439,761\mathrm{.}66?($Do not round intermediate colculations. Round your answer to $2$ decimal places. Use a financial calculator or Excel.$)$

years

Problem $5-31$ Future Value of Annuities $($LO$3)$

$1\mathrm{.}66$ points

Skipped

A saving account earns an interest rate $5\%$ per year. I need $$439,761,66$ to make a down payment on a house. I can save $$14,400$ per year. How long will it take me to accumulate the $$439,761\mathrm{.}66?($Do not round intermediate calculations. Round your answer to $2$ decimal places. Use a financial calculator or Excel.$)$

years