Mathematics, 04.10.2021 05:30 davelopez979
You currently have $8,700 (Present Value) in an account that has an interest rate of 5% per year
compounded monthly (12 times per year). You want to withdraw all your money when it reaches
$20,010 (Future Value). In how many years will you be able to withdraw all your money?
The number of years is
Answers: 3
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You currently have $8,700 (Present Value) in an account that has an interest rate of 5% per year
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