You have $14,500 and you will deposit that money at a monthly interest rate of 40 percent
Fantastic news! We've Found the answer you've been seeking!
Question:
You have $14,500 and you will deposit that money at a monthly interest rate of 40 percent until the account reaches $21,400. How many years do you have to wait to reach your target account value?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date: