Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 4 1 pts You currently have $ 3 9 , 4 7 1 . 0 1 in an account that pays 5 percent

Question 14
1 pts
You currently have $39,471.01 in an account that pays 5 percent interest. You
plan to deposit in this account $3581 at the end of each year until the account
reaches $124578. How long would that take? Enter your answer in 4 decimals
(e.g.5.1234).
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investing In Cryptocurrency

Authors: Elsy Henrick

1st Edition

979-8353715085

More Books

Students also viewed these Finance questions