Misaki has $26,290 in her savings account and wants this to accumulate to $100,000 for a condominium down payment. Suppose she plans to make deposits of $1,670 at the beginning of every three months into this account which earns 5.12% compounded monthly. How long will it take to accumulate the $100,000?

Choose calculator mode: Select an answer END BGN
Enter the future value as a positive value in the FV box below.
Enter PV and PMT as positive or negative values based on FV being positive.
Report N as a whole number.

P/Y =
C/Y =
N =
I/Y =
PV = $
PMT = $
FV = $

Report your answer in years and months as whole numbers below.
If years is an exact integer like “7 years”, then enter 7 for years and 0 for months.
You must enter a value in both boxes for full marks.
It will take years and months.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"