ou have $8,800 to buy a bc he number of months:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:You can afford monthly deposits of $250 into an account that pays 2.4% compounded monthly. How long will it be
until you have $8,800 to buy a boat?
Type the number of months:
(Round to the next-higher month if not exact.)
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