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You are going to deposit $900 in a bank CD today, and you will withdraw the money only once the balance is $1,000. If the
You are going to deposit $900 in a bank CD today, and you will withdraw the money only once the balance is $1,000. If the bank pays 6 percent interest, how long will it take for the balance to reach $1,000? (Round intermediate calculations to 4 decimal places, e.g. 2.5125 and final answer to 1 decimal place, e.g. 2.2.) Balance will reach $1,000 in years
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