Question: Damon is saving up money for a down payment on a condominium He currently has 5094 but knows he can get a loan at a

Damon is saving up money for a down payment on a

Damon is saving up money for a down payment on a condominium He currently has 5094 but knows he can get a loan at a lower interest rate if he can put down 6038 If he invests the 5094 in an account that earns 4 9 annually compounded quarterly how long will it take Damon to accumulate the 6038 Round your answer to two decimal places if necessary Answer Keyp

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