You will make quarterly deposits of $20,000 into an account that pays 6% compounded quarterly....
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Finance
You will make quarterly deposits of $20,000 into an account that pays 6% compounded quarterly. How many years will it take for your account balance to reach $400,000?
Please use fv or pv annuity formula to solve this problem. Answers I got so far are 13.45 and 17.62
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You can see the logs in the Dashboard.