Question: answer in years and in 4 decimals please. AJ is saving for a trip for his family and as of today has accumulated $875 in
answer in years and in 4 decimals please.
AJ is saving for a trip for his family and as of today has accumulated $875 in a trip fund. AJ's goal is to accumulate $2625, or 3 times this amount to support the trip. Assuming that all of AJ's trip fund is invested to earn an interest rate of 6%, how long, in years and in fractions of a year, will it take AJ to achieve his goal
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
