Youre trying to save to buy a new $245,000 Ferrari. You have $50,000 today that can be

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You’re trying to save to buy a new $245,000 Ferrari. You have $50,000 today that can be invested at your bank. The bank pays 4.3 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Question Posted: Jul 17, 2019 09:06 AM

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Youre trying to save to buy a new $245,000 Ferrari. You have $50,000 today that can be

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Fundamentals of Corporate Finance

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