Jason and bill each have 69901 to invest in a retirement, Ask an Expert

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Jason and Bill each have $69901 to invest in a retirement account whose annual rate is 2.4% with monthly compounding. Jason invests his money all at once, whereas Bill decides to make 127 monthly deposits (of the same amount). How many months will Jason need to wait in order to have the same amount that Bill will have immediately after his last deposit?

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Financial Management, Finance

Category:- Financial Management
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