Mathematics, 06.01.2020 23:31, snikergrace

You decide to put $2,000 in a savings account to save for a $3,000 downpayment on a new car. if the account has an interest rate of 4% per year and is compounded monthly, how long does it take until you have $3,000 without depositing any additional funds?

121.862 years
12.1862 years
10.155 years
1.0155 years

Answers: 3

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You decide to put $2,000 in a savings account to save for a $3,000 downpayment on a new car. if the...