Your grandmother gives you $500 for doing well at school and suggests that you save money...
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Your grandmother gives you $500 for doing well at school and suggests that you save money for something nice. You decide that a fancy snowmobile would be great. You need $7500. If you invest the money at 10% compounded monthly, how long until you can buy the snowmobile? Your grandmother gives you $500 for doing well at school and suggests that you save money for something nice. You decide that a fancy snowmobile would be great. You need $7500. If you invest the money at 10% compounded monthly, how long until you can buy the snowmobile?
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The formula for compound interest is A P1 rnnt where A the future va... View the full answer
Related Book For
A Concise Introduction to Logic
ISBN: 978-1305958098
13th edition
Authors: Patrick J. Hurley, Lori Watson
Posted Date:
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