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You currently have $7,800 (Present Value) in an account that has an interest rate of 8% per year compounded daily (365 t
Posted: Wed May 11, 2022 7:56 pm
by answerhappygod
- You Currently Have 7 800 Present Value In An Account That Has An Interest Rate Of 8 Per Year Compounded Daily 365 T 1 (18.76 KiB) Viewed 22 times
You currently have $7,800 (Present Value) in an account that has an interest rate of 8% per year compounded daily (365 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? The number of years is Round your answer to 1 decimal place.