Marilyn was supposed to pay $1,620 to Bernice on March 18. Some time later Marilyn paid Bernice an equivalent payment of $1,672.63, allowing for a time value of money of 2.4% compounded monthly. When did Marilyn make the payment? (Do not round your intermediate calculations and round your answer to the nearest month.)
 
Marylin made the payment  months later.

Answer rating: 100% (QA)

The work is to find how long it will take to grow 1620 to 167263 given an interes... View the full answer