Suppose if you want to save up $4,863 to celebrate your marriage anniversary. If you...
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Suppose if you want to save up $4,863 to celebrate your marriage anniversary. If you plan to deposit $145 per month at the end of each month, while your deposits earn 7% interest per year, how long would it take for you to reach you goal? (Round your answer to 2 decimal point). If you have $1,771 in your brokerage account and you want it to grow to be $2,768 in 3 years, how much return (interest rate) per year do you want to reach your goal? (Round your answer to two decimal point)
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