You want to bought a car for $8,000. You have monthly wage is $1,800 of which $600 will be saved for the car. How long it will take to reach $8,000 with your current saving, the interest rate is 7.2% pa compounding monthly? Please show in EXCEL
You want to bought a car for $8,000. You have monthly wage is $1,800 of which $600 will be saved for the car. How long it will take to reach $8,000 with your current saving, the interest rate is 7.2% pa compounding monthly? Please show in EXCEL
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 6P
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You want to bought a car for $8,000. You have monthly wage is $1,800 of which $600 will be saved for the car. How long it will take to reach $8,000 with your current saving, the interest rate is 7.2% pa compounding monthly? Please show in EXCEL
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