Q9 How long does $1,000 have to be deposited into a savings account at the end of each month to accumulate to $36,000 if interest is 6.4% compounded monthly?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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181
Q9 How long does $1,000 have to be deposited into a savings
account at the end of each month to accumulate to $36,000 if
CLR 11
L12 Obj. 5
182 interest is 6.4% compounded monthly?
183 Use Excel or your programmable calculator to solve this problem!
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Transcribed Image Text:180 181 Q9 How long does $1,000 have to be deposited into a savings account at the end of each month to accumulate to $36,000 if CLR 11 L12 Obj. 5 182 interest is 6.4% compounded monthly? 183 Use Excel or your programmable calculator to solve this problem! 184 185 186 187 188 189 190
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