Question

you can afford monthly deposits of $120 into an account that pays 3.3% compounded monthly. how long will it be until you have 5600 to buy a boat ? type the number of months

Answer 1

round to the next higher month if not exact

Answer 2

what did you get ??

Answer 3

did you get 3 years

Answer 4

http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Answer 5

I did it in that website I got 44 months

Answer 6

is that rounded or was it exact

Answer 7

in 44 months it will be a total of $5619.96

Answer 8

thank you soooo much

Answer 9

yw :)