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Determine the number of months it will take to accumulate is

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Problem 1: Jeannie is saving up to make a down payment on a new car. She currently has $2,150 in a savings plan that pays interest at the end of every month with an interest rate of 3% compounded monthly; however, she needs at least $5000 for the down payment. If Jeannie can save $149 at the end of every month, then the number of months it will take her to accumulate $5000 is

Reference no: EM132484827

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Determine the number of months it will take to accumulate is : If Jeannie can save $149 at the end of every month, then What the number of months it will take her to accumulate $5000 is ?
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