Suppose you want to accumulate $10,000 for a down payment for a house. You will deposit $400

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Suppose you want to accumulate $10,000 for a down payment for a house. You will deposit $400 at the beginning of every month in an account that credits interest monthly at the rate of 0.6% per month. How long will it take you to achieve your goal?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Posted Date: Mar 14, 2024 05:59 AM

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Suppose you want to accumulate $10,000 for a down payment for a house. You will deposit $400

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It will take you 24 months to reach your goal of 10000 for the do... View the full answer

Precalculus

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