Question
Shane Jones wants to buy a one-way bus ticket to Toowoomba, Queensland. The ticket costs $160, but Mr. Jones has only $80. If Shane puts
Shane Jones wants to buy a one-way bus ticket to Toowoomba, Queensland. The ticket costs $160, but Mr. Jones has only $80. If Shane puts the money in an account that pays 9% interest compounded monthly, how many months must Shane wait until he has $160 (round to the nearest month)?
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
