Joey and Monica would like to have $10000 for a down payment on a house. Their budget
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Joey and Monica would like to have $10000 for a down payment on a house. Their budget only allows them to save $68.4 per month. How many years will it take them to save up the desired amount of $10000 ? Here we assume that their saving account will pay 10% compounded monthly.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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