SOLUTION: Kay is saving $200 a month into an account earning 5% interest. How long will it take her to save $20,000?

SOLUTION: Kay is saving $200 a month into an account earning 5% interest. How long will it take her to save $20,000?

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Question 980237: Kay is saving $200 a month into an account earning 5% interest. How long will it take her to save $20,000?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Depends on the compounding period.

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