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Saving Account Earned A saving account earns an interest rate 11.75% per year. I need $1,322,946.23 to make a down payment on a house. I
Saving Account Earned
A saving account earns an interest rate 11.75% per year. I need $1,322,946.23 to make a down payment on a house. I can save $18,900 per year. How long will it take me to accumulate the $1,322,946.23 ? (Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel.) years Step by Step Solution
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