Mathematics, 04.01.2020 14:31 kimloveswim

You decide to put $150 in a savings account to save for a $3,000 down payment on a new car. if the account has an interest rate of 2.5% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?
10.1101 years
119.954 years
121.321 years
134.34 years

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