Jayden is currently working but plans to start college in a few years For this purpose, she would need $41,950. Today he can start nvesting $1,150 monthly in an investment account that pays 4 percent compounded monthly. How long would it take him to have enough money to start college? (Round the answer to four decima points)

Jayden is currently working but plans to start college in a few years For this purpose, she would need $41,950. Today he can start nvesting $1,150 monthly in an investment account that pays 4 percent compounded monthly. How long would it take him to have enough money to start college? (Round the answer to four decima points)

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 6E

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