Damon is saving up money for a down payment on a condominium

Last updated: 5/12/2023

Damon is saving up money for a down payment on a condominium He currently has 5094 but knows he can get a loan at a lower interest rate if he can put down 6038 If he invests the 5094 in an account that earns 4 9 annually compounded quarterly how long will it take Damon to accumulate the 6038 Round your answer to two decimal places if necessary Answer Keyp