Question
Suppose you want deposit $200 each month into an account earning 3.5 % APR compounded monthly.a) Write an equation to find how many years N
Suppose you want deposit $200 each month into an account earning 3.5 % APR compounded monthly.a) Write an equation to find how many years N it will take to save $12,000?b) How many years will it take to save $12,000? Round to two decimals.
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Precalculus Mathematics For Calculus
Authors: David M Kennedy, James Stewart, Lothar Redlin, Saleem Watson
6th Edition
1133715044, 9781133715047
