Mathematics, 30.08.2019 09:50 princess42044

You decide to put $100 in a saving account to save for a $3000 down payment on a new car. if the account has an interest rate of 2%per year and is compounded monthly, how long does it take you to earn $3000 without depositing any additional funds.
a) 170.202 yrs
b) 14.3129 yrs
c) 171.755 yrs
d) 168.354

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