Mathematics, 14.05.2021 06:20 mia2286

You currently have $7,800 (Present Value) in an account that has an interest rate of 8% per year compounded monthly (12 times per year). You want to withdraw all your money when it reaches $14,040 (Future Value). In how many years will you be able to withdraw all your money?

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You currently have $7,800 (Present Value) in an account that has an interest rate of 8% per year compounded monthly (12 times per year). You want to withdraw all your money when it reaches $14,040 (Future Value). In how many years will you be able to withdraw all your money?​

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You currently have $7,800 (Present Value) in an account that has an interest rate of 8% per year compounded monthly (12 times per year). You want to withdraw all your money when it reaches $14,040 (Future Value). In how many years will you be able to withdraw all your money?