If you want to accumulate $400,000 and you have $17,000 saved now, how many years will it take if you pay $490 per month and your investment pays 4% compounded monthly?
If you want to accumulate $400,000 and you have $17,000 saved now, how many years will it take if you pay $490 per month and your investment pays 4% compounded monthly?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 20PROB
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If you want to accumulate $400,000 and you have $17,000 saved now, how many years will it take if you pay $490 per month and your investment pays 4% compounded monthly?
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