Hello and HELP!!! U Mathematical GURUS!...
My niece needs to know how to solve this problem for a test.
Your help would be deeply appreciated!
Problem
u have saved $7000.00 toward the purchase of a new car costing 9000.00.
How long will the 7000.00 have to be invested at 9% compounded monthly to grow to 9000.00?
Forumlas,explanation of variables,etc... ,please.
Thanks
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SittingBull
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