Question
Traci wants to accumulate $8,000 for her Hawaiian vacation. She plans to invest $150 each month in a fund that earns 10.5% per year (APR).
Traci wants to accumulate $8,000 for her Hawaiian vacation. She plans to invest $150 each month in a fund that earns 10.5% per year (APR). How many months will she need to save before she can afford the trip?
46.03 months
53.33 months
43.96 months
72.15 months
-72.15 months
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
