Deposits of $850 per month are made into an investment account. The interest rate is 6.5% per annum compounding monthly. How long will it take for the investment to reach $100 000?
Deposits of $850 per month are made into an investment account. The interest rate is 6.5% per annum compounding monthly. How long will it take for the investment to reach $100 000?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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