How long will it be before you have enough to buy the car

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Reference no: EM13933151

You’re trying to save to buy a new $190,000 Ferrari. You have $31,000 today that can be invested at your bank. The bank pays 3.8 percent annual interest on its accounts.

Required: How long will it be before you have enough to buy the car? (Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13933151

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