Some time ago a $109,800 initial deposit opened an account. No other deposits or withdrawals have...
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Some time ago a $109,800 initial deposit opened an account. No other deposits or withdrawals have been made. Today the annual interest is credited to the account. Total lifetime interest now equals $176,525. The account earns 5.8% annual interest. How many years ago was the account established? Some time ago a $109,800 initial deposit opened an account. No other deposits or withdrawals have been made. Today the annual interest is credited to the account. Total lifetime interest now equals $176,525. The account earns 5.8% annual interest. How many years ago was the account established?
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