Question
Suppose Link deposits $5,000 into an account earning 5.875 percent interest, compounded monthly. How many years (rounded to one decimal place - for example, 32.1843
Suppose Link deposits $5,000 into an account earning 5.875 percent interest, compounded monthly. How many years (rounded to one decimal place - for example, 32.1843 year = 32.2) will it take for Link 's account to be worth $20,000?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
