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Ludmilka [50]
3 years ago
6

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?

Mathematics
1 answer:
Dennis_Churaev [7]3 years ago
8 0

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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