You can afford monthly deposits of $210 into an account that pays 3.9% compounded monthly. How long will it be until you have $8,400 to buy a boat? Type the number of months: (Round to the next-higher month if not exact.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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You can afford monthly deposits of $210 into an account that pays 3.9% compounded monthly. How long will it be
until you have $8,400 to buy a boat?
Type the number of months:
(Round to the next-higher month if not exact.)
Transcribed Image Text:You can afford monthly deposits of $210 into an account that pays 3.9% compounded monthly. How long will it be until you have $8,400 to buy a boat? Type the number of months: (Round to the next-higher month if not exact.)
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