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You have researched your dream around-the-world vacation and determined that the total cost of the vacation would be $37000. You feel you can earn an
You have researched your dream around-the-world vacation and determined that the total cost of the vacation would be $37000. You feel you can earn an APR of 10.7% compounded monthly and plan to save $455 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well deserved vacation? 4.73 years 5.12 years 6.78 years 5.36 years 5.85 years
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