You can afford monthly deposits of $100 into an account that pays 5.3% compounded monthly. How long will it take until you reach $20,000?

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
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You can afford monthly deposits of $100 into an account that pays 5.3% compounded monthly. How long will it take until you reach $20,000?

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