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You have $90,000 saved today and want to purchase a new yacht when your money grows to $250,000. If you can earn 8 percent on your investments, how long do you have to wait to buy your yacht? You have $90,000 saved today and want to purchase a new yacht when your money grows to $250,000. If you can earn 8 percent on your investments, how long do you have to wait to buy your yacht?
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For the first question We can use the formula for the future value of an investment FV PV x 1 rn whe... View the full answer
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