Jasmine wants to start saving to purchase an apartment. Her goal is to save $225,000. If she
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Jasmine wants to start saving to purchase an apartment. Her goal is to save $225,000. If she deposits $180,000 into an account that pays 3.12% interest compounded monthly, approximately how long will it take for her money to grow to the desired amount? Round your answer to the nearest tenth of a year.
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WE will use the formula APert Where A225000P180000 and r312...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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