Mary Cooper, Sheldon's mother, who lives in east Texas, wants to help pay for her grandchild's education. How long will it take Mary to reach her goal of $180,000 if she invests $10,000 per year, earning 6 percent? Use Appendix A-3 or the Garman/Forg companion website. Round your answer to the nearest half-year. years
Mary Cooper, Sheldon's mother, who lives in east Texas, wants to help pay for her grandchild's education. How long will it take Mary to reach her goal of $180,000 if she invests $10,000 per year, earning 6 percent? Use Appendix A-3 or the Garman/Forg companion website. Round your answer to the nearest half-year. years
Chapter13: Investment Fundamentals
Section: Chapter Questions
Problem 2DTM
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