John Jamison wants to accumulate $62,154 for a down payment on a small business. He will invest $34,000 today in a bank account paying 9% interest compounded annually. Approximately how long will it take John to reach his goal? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “John Jamison wants to accumulate $62,154 for a down payment on a small business. He will invest $34,000 today in a bank account paying 9% ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » John Jamison wants to accumulate $62,154 for a down payment on a small business. He will invest $34,000 today in a bank account paying 9% interest compounded annually.