You decide to put $150 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2.5% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds

Question

anonymous · Answer

answer choice
10.1101
119.954
121.321
134.34

anonymous · Answer

If my math is right its 10.1101

anonymous · Answer

CAN YOU HELP ME ANOTHER QUESTION

anonymous · Answer

A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month and select the correct answer below

anonymous · Answer

ANSWER CHOICE
0.797
0.00797
0.833
0.00833

anonymous · Answer

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