Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep investing $600 every month, how many months does it take for your account balance to increase to $300,000?
Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep investing $600 every month, how many months does it take for your account balance to increase to $300,000?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep investing $600 every month, how many months does it take for your account balance to increase to $300,000?
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