Question
Sally puts $1,200 into a savings account at the end of every year to save for a car. The account pays interest of 7% per
Sally puts $1,200 into a savings account at the end of every year to save for a car. The account pays interest of 7% per year. She needs $24,168.77 for the car. How many years does it take for the account balance to accumulate to the value of the car?
Answer: 13
Please show all work and don't use excel
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
