Question
You have a short-term goal of building a savings account. You open the account with $250 and have a goal to have $10,000 saved. How
You have a short-term goal of building a savings account. You open the account with $250 and have a goal to have $10,000 saved. How many years, will it take you to reach your goal if interest compounds annually at 2% and you are putting $200 into the account at the end of each month? (Round your answer to the nearest year)
| 47.28 | ||
| 3.86 | ||
| 3.94 | ||
| 46.35 |
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
