Milan is saving up money for a down payment on a condominium. She currently has $2525, but knows she can get a loan at a lower

Question

Milan is saving up money for a down payment on a condominium. She currently has $2525, but knows she can get a loan at a lower interest rate if she can put down $3258. If she invests the $2525 in an account that earns 5.3 % annually, compounded quarterly, how long will it take Milan to accumulate the $32587 Round your answer to two decimal places, if necessary.

Kunduz · Accepted Answer

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