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How many years will be before enough to buy the car

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Reference no: EM132636020

You're trying to save to buy a new $140,000 Ferrari.

Problem 1: You have $44,000 today that can be invested at your bank. The bank pays 6.5 percent annual interest on its accounts. How many years will it be before you have enough to buy the car?

Reference no: EM132636020

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