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You decide to put $100 in a savings account to save for a $3,000 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 $3,000 without depositing any additional funds? a. 170.202 years

b. 14.3129 years
c. 171.755 years
d. 168.354 years

User Sum
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Answer:a

Step-by-step explanation:test

User Vilson Vieira
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Answer:

A. 170.202

Explanation:

Just took the test

You decide to put $100 in a savings account to save for a $3,000 down payment on a-example-1
User Howy
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