You want to buy a new $72,000 sports car. Currently, you have $36,840 which is invested...
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You want to buy a new $72,000 sports car. Currently, you have $36,840 which is invested at 4.5 percent annual interest. If the price of the car does not change, how many years will it be before you purchase the car? You want to buy a new $72,000 sports car. Currently, you have $36,840 which is invested at 4.5 percent annual interest. If the price of the car does not change, how many years will it be before you purchase the car?
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Based on your current savings and investment it will take approximately 2121 years to s... View the full answer
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
Posted Date:
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