Question
You are saving for a vacation by taking $150 out of your paycheck each month and putting it into a savings account that pays 2%
You are saving for a vacation by taking $150 out of your paycheck each month and putting it into a savings account that pays 2% nominal interest, compounded monthly. How long will it take for you to be able to take that $3,500 vacation?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
