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OpenStudy (anonymous):
you can afford monthly deposits of $110 into an account that pays 4.2% compounded monthly. How long will it be until you have $6,200 to buy a boat? ______ # of months (round to next higher month if not exact)
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OpenStudy (anonymous):
Use the formula A= P(1+r/n)^n(t) A=6,200 P=110 r=0.042 n=12------t=?
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