month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to make to reach her goa 0 Round to the next payment b. How long will it take Aaron to reach her goal? years 0 months SUBMIT QUESTION
month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to make to reach her goa 0 Round to the next payment b. How long will it take Aaron to reach her goal? years 0 months SUBMIT QUESTION
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Transcribed Image Text:Aaron wants to accumulate at least $60,000 by depositing $2,000 at the end of every
month into a fund that earns interest at 4.50% compounded monthly.
a. How many deposits does she need to make to reach her goal?
0
Round to the next payment
b. How long will it take Aaron to reach her goal?
0 years
0 months
SUBMIT QUESTION
SAVE PROGRESS
00 700 30
SUB
US
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