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Home Q & A Board Science-Related Homework Help Mathematics
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mombefor78 mombefor78
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10 months ago
Mr. Johnston has been investing $5,000 into his savings plan at the end of every year for the last 17 years. His investments have earned 10.6% compounded semiannually. If he increases his annual contributions to $6,000, how much longer will it take for his savings plan to reach $1,000,000?

▸ 9 years

▸ 11 years

▸ 13 years

▸ 15 years

▸ 17 years
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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enzeeenzee
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10 months ago
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Anonymous
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#2
4 months ago
Help! The answer is missing an explanation...
Anonymous
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#3
4 months ago
Can someone tell me what I am doing wrong?
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