
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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![How long will it take to save $12,000 by making deposits of $80 at the end of every month into an account earning interest at 5.9% compounded annually? State your answer in years and months (from 0 to 11 months).
It will take
] year(s) and
month(s) to save $12,000.](https://content.bartleby.com/qna-images/question/d1647fa1-ba19-4f76-a03f-b26591e4b402/5da188f7-38f3-439a-818f-b6b0d133d8d2/4dftibb_thumbnail.jpeg)
Transcribed Image Text:How long will it take to save $12,000 by making deposits of $80 at the end of every month into an account earning interest at 5.9% compounded annually? State your answer in years and months (from 0 to 11 months).
It will take
] year(s) and
month(s) to save $12,000.
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