Question
You currently have $39,471.01 in an account that pays 5 percent interest. You plan to deposit in this account $3581 at the end of each
You currently have $39,471.01 in an account that pays 5 percent interest. You plan to deposit in this account $3581 at the end of each year until the account reaches $124578. How long would that take? Enter your answer in 4 decimals (e.g. 5.1234).
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Get StartedRecommended Textbook for
Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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