Youre trying to save to buy a new $170,000 BMW 3 series sedan. You have $40,000 today
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You’re trying to save to buy a new $170,000 BMW 3 series sedan. You have $40,000 today that can be invested at your bank. The bank pays 5.3 percent annual interest on its accounts. How long will it be before you have enough to buy the car?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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