Carmen needs $3560 for future project. She can invest $2000 now at annual rate of 7.8%, compound monthly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project?
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Home » Mathematics » Carmen needs $3560 for future project. She can invest $2000 now at annual rate of 7.8%, compound monthly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project?