Question: (include formula) You currently have $2,500 (Present Value) in an account that has an interest rate of 5% per year compounded monthly (12 times per
(include formula)
You currently have $2,500 (Present Value) in an account that has an interest rate of 5% per year compounded monthly (12 times per year). You want to withdraw all your money when it reaches $4,750 (Future Value). In how many years will you be able to withdraw all your money? The number of years is : Round your answer to 1 decimal place.
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