AJ is saving for a trip for his family and as of today has accumulated $450 in
Fantastic news! We've Found the answer you've been seeking!
Question:
AJ is saving for a trip for his family and as of today has accumulated $450 in a trip fund. AJ's goal is to accumulate $1800, or 4 times this amount to support the trip. Assuming that all of AJ's trip fund is invested to earn an interest rate of 5%, how long, in years and in fractions of a year, will it take AJ to achieve his goal?
Related Book For
Introduction to Chemical Engineering Thermodynamics
ISBN: 978-0071247085
7th edition
Authors: J. M. Smith, H. C. Van Ness, M. M. Abbott
Posted Date: