Mathematics, 15.12.2020 08:30, brianogle4069
Jericho wants to start saving to
purchase a house. His goal is to save $92,400. If he deposits $56,000 into an account that pays 2.92% interest compounded daily, approximately how long will it take for his money to grow to the desired amount? Round your answer to the nearest tenth of a year.
a) 19.3 years
b) 21.7 years
c) 15.4 years
d) 17.2 years
Answers: 1
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Jericho wants to start saving to
purchase a house. His goal is to save $92,400. If he deposits $56,...
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