Jeremy and Bill each have $83,051 to invest in a retirement account whose annual rate is 2.6% with monthly compounding.Jeremy invests his money all at once, whereas Bill decides to make 126 monthly deposits (of the same amount). How many months will Jeremy need to wait in order to have the same amount that Bill will have immediately after his last deposit?

asked by guest
on Nov 15, 2024 at 7:27 am



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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