Calculate how many months it will take to reach that amount, Business Management

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Calculate how many months it will take to reach that amount

Aclient seeking liquidity sets aside $35000 in a bank today.The account pays 5 percent compounded monthly.Because the client is concerned about the fact that deposit insurance covers the account for only up to $100 000,calculate how many months it will take to reach that amount.

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Business Management: Calculate how many months it will take to reach that amount

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Business Management: Calculate how many months it will take to reach that amount

Reference No:- TGS083261

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Journalize the redemption of the bonds

Q : Explain how this can be possible

Q : How many tickets must be sold each year

Q : Which type of decision-making is most common in organization

Q : Calculate how many months it will take to reach that amount

Q : Provide details about evaluation methods

Q : Volcanoes are generally not preserved in the geologic rock

Q : Define the internal corporate governance mechanisms

Q : Weighted average cost of capital problem

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Request for Solution File

Ask an Expert for Answer!!

Business Management: Calculate how many months it will take to reach that amount

Reference No:- TGS083261

Recent Questions Asked Business Management

Q : Journalize the redemption of the bonds

Q : Explain how this can be possible

Q : How many tickets must be sold each year

Q : Which type of decision-making is most common in organization

Q : Calculate how many months it will take to reach that amount

Q : Provide details about evaluation methods

Q : Volcanoes are generally not preserved in the geologic rock

Q : Define the internal corporate governance mechanisms

Q : Weighted average cost of capital problem

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