• You're trying to save to buy a new $249,000 Ferrari. You have $50,000 today that can be invested at your bank. The bank pays 7.2 percent annual interest on its accounts. How long will it be before you have enough to buy the car? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

  
  

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Calculating Time to Reach Your Goal Heres how to determine the time it w... View the full answer