You're trying to save to buy a new $150,000 Ferrari. You have $35,000 today that can be

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You're trying to save to buy a new $150,000 Ferrari. You have $35,000 today that can be invested at your bank. The bank pays 2.1 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Essentials of Corporate Finance

ISBN: 978-1259277214

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 30, 2016 09:32 AM

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You're trying to save to buy a new $150,000 Ferrari. You have $35,000 today that can be

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The unknown number of periods at which Present value of investment grows to a Future value at a gi...View the full answer

Essentials of Corporate Finance

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