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OpenStudy (lovelycharm):
You decide to put $100 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% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?
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OpenStudy (lovelycharm):
can you help me @hartnn please
OpenStudy (anonymous):
It would take 17007.69 years for you to earn $3,000 .
OpenStudy (lovelycharm):
thank you so much
OpenStudy (anonymous):
Your Welcome.
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