Marina deposited $1800 into an investment earning 6.4% compounded quarterly. When her investment is worth $2000, she
Question:
Marina deposited $1800 into an investment earning 6.4% compounded quarterly. When her investment is worth $2000, she will withdraw the money and make a down payment on a car. Rounded to the nearest month, how long will Marina wait until she will have a sufficient down payment to purchase the car?
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There are 663764 16594 years Therefore it is 1 year and 0659412 791288 mon...View the full answer
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My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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