missmoxy5550 missmoxy5550

14-07-2019
Mathematics

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You can afford monthly deposits of $270 into an account that pays 4.8% compounded monthly. How long will it be until you have $8,200 to buy a boat?

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sqdancefan sqdancefan

14-07-2019

Answer:

29 months

Step-by-step explanation:

My TVM solver says that balance will be reached after about 29 monthly payments.

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