smtorres2000 smtorres2000
  • 14-01-2023
  • Mathematics
contestada

Anne has opened up a systematic savings account into which she deposits $500 per month compounded monthly at a rate of 7.8%. How long will it take her to reach $500,000? Round your answer to the nearest tenth of a year.

Help, please!! I need a step-by-step tutorial. Or just the formula and how is set up. Thank you <33

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