you are considering the purchase of an investment that pays an annual rate of 6.80%, compounded monthly.

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you are considering the purchase of an investment that pays an annual rate of 6.80%, compounded monthly. If you invest $3,500 at the end of each month, how many months will it take for your account to grow to $400,000? Round up to the nearest whole month

. a. 120 months b. 114 months c. 95 months d. 36 months e. 89 months

Posted Date: Jul 02, 2024 04:01 AM

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you are considering the purchase of an investment that pays an annual rate of 6.80%, compounded monthly.

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