You decide to put 2 000 in a savings account to save for a 3 000 down payment on a new car If the account has an interest rate

Question

You decide to put 2 000 in a savings account to save for a 3 000 down payment on a new car If the account has an interest rate of 4 per year and is compounded monthly how long does it take until you have 3 000 without depositing any additional funds 121 862 years 12 1862 voor

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