Bob can afford to deposit $400 a month into a retirement account that compounds interest monthly with

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Bob can afford to deposit $400 a month into a retirement account that compounds interest monthly with an APR of 3.9%. His plan is to have $200,000 saved so that he can then retire. Approximately how long will it take him to reach this goal?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 05:05 AM

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Bob can afford to deposit $400 a month into a retirement account that compounds interest monthly with

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Use the future value of a periodic investmen...View the full answer

Financial Algebra advanced algebra with financial applications

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