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You currently have $7,700 (Present Value) in an account that has an interest rate of 6.5% per year compounded quarterly (4 times per year).
You currently have $7,700 (Present Value) in an account that has an interest rate of 6.5% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $19,250 (Future Value). In how many years will you be able to withdraw all your money? The number of years is Round your answer to 1 decimal place.
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Human Resource Management
Authors: John Bernardin
6th Edition
978-0078029165, 0078029163
