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month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to make to reach her goa 0 Round to the next payment b. How long will it take Aaron to reach her goal? years 0 months SUBMIT QUESTION

month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to make to reach her goa 0 Round to the next payment b. How long will it take Aaron to reach her goal? years 0 months SUBMIT QUESTION

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Aaron wants to accumulate at least $60,000 by depositing $2,000 at the end of every month into a fund that earns interest at 4.50% compounded monthly. a. How many deposits does she need to make to reach her goal? 0 Round to the next payment b. How long will it take Aaron to reach her goal? 0 years 0 months SUBMIT QUESTION SAVE PROGRESS 00 700 30 SUB US
Transcribed Image Text:Aaron wants to accumulate at least $60,000 by depositing $2,000 at the end of every month into a fund that earns interest at 4.50% compounded monthly. a. How many deposits does she need to make to reach her goal? 0 Round to the next payment b. How long will it take Aaron to reach her goal? 0 years 0 months SUBMIT QUESTION SAVE PROGRESS 00 700 30 SUB US
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