Question: A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they have at 12% compounded monthly, how long will
A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they have at 12% compounded monthly, how long will it take for the money to grow to $45,000? (Round your answer expressed in months to the nearest whole number.)?
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