Question
Thomas Nguyen currently has $12,100 in the bank earning interest of 5 percent per year, compounded monthly. If he needs $22,700 to purchase a car
Thomas Nguyen currently has $12,100 in the bank earning interest of 5 percent per year, compounded monthly. If he needs $22,700 to purchase a car and can save an additional $100 a month stating at the end of this month, how long will it take him to accumulate the $22,700?
number of years -
number of months -
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
