SAT, 29.12.2021 15:50 carolinasantos2

You decide to put $2,000 in a savings account to save for a $3,000 downpayment 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 years 10. 155 years 1. 0155 years.

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You decide to put $2,000 in a savings account to save for a $3,000 downpayment on a new car. If the...

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