I am stomped on finding the solution to these problems. Please help me figure out how to solve on my financial calculator.
You are considering investing in a bank account that pays a nominal annual rate of 6.5%, compounded monthly. If you invest $3,400 at the end of each month, how many months will it take for your account to grow to $150,000?© BrainMass Inc. brainmass.com June 3, 2020, 11:52 pm ad1c9bdddf
Financial calculators vary quite a bit and I am not really familiar with what you are using. I can tell you what inputs to put in. For ...
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