Question: QUESTION 2 Consider the situation: You would like to save $1000 to purchase a laptop. Your bank account earns 1.2% compounded monthly and you plan

QUESTION 2 Consider the situation: You would like to save $1000

QUESTION 2 Consider the situation: You would like to save $1000 to purchase a laptop. Your bank account earns 1.2% compounded monthly and you plan on depositing $50 every month. How long will it take to reach your goal? Which variable will you need to calculate/solve for? PMT FV O

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