Question: Cant figure out this hw question... please explain how you got answer thank you so much!! You just made a one-time deposit (today) of $14,000
Cant figure out this hw question... please explain how you got answer thank you so much!!
You just made a one-time deposit (today) of $14,000 into an account paying an interest rate of 10 percent per year. Required: How long will it be before you have enough in the account to buy a $42,000 car? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).) Length of time years
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