You need to save a total of 12000 in order to buy a new, Financial Management

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You need to save a total of 12000 in order to buy a new

You need to save a total of $12,000 in order to buy a new boat. You are starting with no savings, but you will be able to deposit $40 per month. How long do you need to save in order to reach your goal? In excel, compute and graph the number of years required for a range of annual interest rates, ranging from 0% to 20%, in 1% increments. Assume interest is compounded monthly.

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Financial Management: You need to save a total of 12000 in order to buy a new

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Financial Management: You need to save a total of 12000 in order to buy a new

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