Mathematics, 10.07.2019 13:00 ten55
You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. if the account has an interest rate of 2% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?
Answers: 1
![t = \frac {log(\frac{A}{P}) }{ n[log(1 + \frac{r}{n})]}](/tpl/images/0073/3036/ca554.png)
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You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. if the a...
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