Damon is saving up money for a down payment on a house He

Last updated: 4/17/2023

Damon is saving up money for a down payment on a house He currently has 4412 but knows he can get a loan at a lower interest rate if he can put down 5266 If he invests the 4412 in an account that earns 4 5 annually compounded monthly how long will it take Damon to accumulate the 5266 Round your answer to two decimal places if necessary