A couple needs $23,889.00 as a down payment for a home. If they invested the $6,000.00 they have at 8% compounded every 4 months, how long will it take for the money to grow into $23,889.00?
It will take years. (If needed, round your answer to 1 decimal place.)
It will take years. (If needed, round your answer to 1 decimal place.)