Question
You have $1,225 in a savings account which earns 8.4% compounded monthly and $1,300 in an account which earns 6% compounded monthly. How many years
You have $1,225 in a savings account which earns 8.4% compounded monthly and $1,300 in an account which earns 6% compounded monthly. How many years will it be until the two accounts have the same amount in them if you do not withdraw any money?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
