How long will it take before the balance exceeds $10,000? Share FV = 10000, PMT= 100,...

 

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How long will it take before the balance exceeds $10,000? Share FV = 10000, PMT= 100, i = 0.024 = 0.002, n = ??? 12 1.002"-1 10000 100 002) 0.002 Divide both sides by 100(1.0) 100 1.002"-1 1.002 0.002 Multiply both sides by 0.002: 0.2 10000 1 You make a payment of $300 at the beginning of each month into an account that earns 3.6% annual interest. How long will it take for the balance to exceed $10,000? Give your answer as a whole number of months. months Submit Question How long will it take before the balance exceeds $10,000? Share FV = 10000, PMT= 100, i = 0.024 = 0.002, n = ??? 12 1.002"-1 10000 100 002) 0.002 Divide both sides by 100(1.0) 100 1.002"-1 1.002 0.002 Multiply both sides by 0.002: 0.2 10000 1 You make a payment of $300 at the beginning of each month into an account that earns 3.6% annual interest. How long will it take for the balance to exceed $10,000? Give your answer as a whole number of months. months Submit Question

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At begn of each mats you deposit 100 ... View the full answer