How long would it take to save at least $10,500 by making deposits of $250.00 at the end of every 6 months in a savings account that earns 3.18% compounded quarterly? years
How long would it take to save at least $10,500 by making deposits of $250.00 at the end of every 6 months in a savings account that earns 3.18% compounded quarterly? years
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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Question
How long would it take to save at least $10,500 by making deposits of $250.00 at the end of every 6 months in a savings account that earns 3.18% compounded quarterly?
years
months
Express the answer in years and months, rounded to the next period
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