Question: How long will it take $ 6 4 2 . 0 0 to accumulate to $ 8 0 0 . 0 0 at 9 %

How long will it take $642.00 to accumulate to $800.00 at 9% p.a. compounded monthly? State your answer in years and months (from 0 to 11 months).
The invesiment will take year(s) and month(s) to mature.
 How long will it take $642.00 to accumulate to $800.00 at

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!