Douglas is saving up money for a down payment on a

Last updated: 7/15/2023

Douglas is saving up money for a down payment on a condominium He currently has 3156 but knows he can get a loan at a lower interest rate if he can put down 3931 If he invests the 3156 in an account that earns 5 annually compounded quarterly how long will it take Douglas to accumulate the 3931 Round your answer to two decimal places if necessary Answer Keypac