After how many months will the account be worth $60,000

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded monthly. After how many months will the account be worth $60,000? Round your answer up to the nearest month.

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