You want to invest $7.000 annually beginning now in order to accumulate $25,000 for a down...
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You want to invest $7.000 annually beginning now in order to accumulate $25,000 for a down payment on a house. If you can invest at an interest rate of 9% compounded annually, about how many years will it take to accumulate the required amount? You want to invest $7.000 annually beginning now in order to accumulate $25,000 for a down payment on a house. If you can invest at an interest rate of 9% compounded annually, about how many years will it take to accumulate the required amount?
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To calculate the number of years it will take to accumulate 25000 with an annual investment of 7000 and an interest rate of 9 compounded annually we c... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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