How long will it take to accumulate

Reference no: EM131925240

Question: I now have $24,000 in the bank earning interest of .75% per month. I need $34,000 to make a down payment on a house. I can save an additional $100 per month. How long will it take me to accumulate the $34,000? (Do not round intermediate calculations. Round your answer to 2 decimal places. Use a financial calculator or Excel.) Time required months

Reference no: EM131925240

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