Mr. Gordon plans to invest $600 at the end of each month in an account that pays 12%, compounded monthly. After how many months will the account be worth $70,000?

Solve the problem. (Round your answer UP to the nearest month.)

Question

05-10-2022
Mathematics

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Mr. Gordon plans to invest $600 at the end of each month in an account that pays 12%, compounded monthly. After how many months will the account be worth $70,000?

Solve the problem. (Round your answer UP to the nearest month.)

Sagot :

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