Question:

Camille is getting married and is hoping to buy her dream

Last updated: 8/4/2022

Camille is getting married and is hoping to buy her dream

Camille is getting married and is hoping to buy her dream wedding dress for $5500. She has managed to save $4700 to go towards it. If she invests this in an account that compounds bi-monthly at a rate of 5.3%. How long will she have to wait until she can buy the dress?