You can earn .31 percent per month at your bank. If you deposit $1,800, how long must you wait until your account has g...

Question

Question

You can earn .31 percent per month at your bank. If you deposit $1,800, how long must you wait until your account has grown t

business finance

Answer 1

Answer #1

Number of months = 175.63 months

Keys to use in a financial calculator:

PV -1800

FV 3100

I/Y 0.31

CPT N

Answer 2

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