Accountancy, asked by rebellove2778, 1 year ago

You wish to accumulate $100,000 through monthly payments of $500. if you can earn interest at an annual rate of 4% compounded monthly, how long (to the nearest year) will it take to accomplish your goal?

Answers

Answered by rohithbhuma

1

It would take nearly 70 years ( speaking of accuracy 70.45 years)

Answered by bharatjindal

0

it will take 70 years.................

Previous Question

Next Question

Similar questions

English, 8 months ago

the sweet music which the giant heard was of...

English, 8 months ago

What is the prefix of use?? please give the answer if you know please don't give spam answers spam answers will be reported ...

History, 8 months ago

Do you think the position of women is completely changed in India after independence? Explain your views.

Math, 1 year ago

Your teacher has a total of 49 chalks. when a chalk reduces to 1/7 of its original size, it gets too small for her to hold for writing and hence she keeps it aside. but your teacher hates wasting things and so, when she realizes that she has enough of these small pieces to join and make another chalk of the same size, she joins them and uses the new chalkstick. if she uses one chalk each day, how...

Physics, 1 year ago

You are holding a positive charge and there are positive charges of equal magnitude 1 m to your north and 1 m to your east. what is the direction of the force on the charge you are holding?

English, 1 year ago

Uncle khosrove charecter sketck...

Science, 1 year ago

In which layer of atmosphere do we see rainbow?

Math, 1 year ago

How many numbers from 0 to 351 are not divisible by 2,3,5 & 7?