Each year you invest $2,000 in an account that earns 5 percent annually. How long will it

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Each year you invest $2,000 in an account that earns 5 percent annually.
How long will it take for you to accumulate $50,000?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:23 AM

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Each year you invest $2,000 in an account that earns 5 percent annually. How long will it

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2000FVAIF at 5 for x years 50000 interest factor 500002000 25 x the num...View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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