You have researched your dream around-the-world vacation and determined that the total cost of the...
70.2K
Verified Solution
Link Copied!
Question
Finance
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $41,000. You feel you can earn an APR of 10.3 percent compounded monthly and plan to save $515 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation?
Multiple Choice
5.31 years
5.80 years
5.08 years
4.69 years
6.63 years
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.