Linda Baer has already saved $4.751 to buy a used vehicle. Ignoring taxes and assuming her...

 

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Linda Baer has already saved $4.751 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 6 percent compounded annually, how long will it take to buy a car that costs $9.0187 Click on the table icon to view the FVIF table Ignoring taxes and assuming her money is invested in a money market account earning 6% compounded annually, to save the money to buy a car that costs $9,018 will take years (Round to the nearest integer) Data table (Click on the following icon in order to copy its contents into a spreadsheet) Future Value of $1 (single amount), Future-Value Interest Factor 1% 2% 3% 4% 5% 6% 7% 8% 9% 1 10% 1.010 1.020 1.030 1.040 1.050 1.000 1070 1.080 1.090 1.100 2 1.020 1.040 1.061 1.082 1.103 1.124 1145 1.166 1188 3 1210 1.030 1.061 1093 1.125 1.158 1191 1225 1260 1295 1.331 4 1.041 1.082 1.126 1.170 1216 1262 1311 1360 1.412 1464 5 1.051 1.104 1.159 1.217 1276 1.33 1.403 1.469 1.539 1611 6 1062 1.126 1.194 1.265 1340 1.419 1501 1.587 1.677 7 3.777 1.072 1.149 1230 1316 1.407 1.504 1606 1.714 1820 1949 1.083 1172 1267 1369 1477 1.594 1718 1851 1993 2144 9 1.094 1195 1.305 1423 1.551 1689 1.838 1.999 2.172 2.358 10 1.105 1.219 1344 1 480 1629 1.791 1967 2.159 2367 2594 11 1.116 1.243 1384 1.539 1710 1.898 2105 2332 2.580 2853 12 1.127 1.268 1.426 1.601 1.796 2012 2252 2518 2.813 3130 13 1.138 1294 1469 1.665 1806 2.133 2.410 2.720 3066 3452 14 1.149 1319 1513 1.732 1500 2.261 2579 2937 3.342 3797 15 1.161 1346 1558 1801 2.079 2.397 2759 3172 3.642 4.177 16 1.173 1.373 1605 1.873 2.183 2540 2.952 3426 3.970 4595 17 1.184 1,400 1653 1.948 2.292 2693 3.159 3.700 4.328 5.054 18 1196 1428 1702 2026 2407 2854 3380 3996 4717 5560 19 1.200 1.457 1754 2.107 2527 3026 3617 4316 5.142 6116 201 1220 1406 1806 5101 5225 - X Linda Baer has already saved $4.751 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 6 percent compounded annually, how long will it take to buy a car that costs $9.0187 Click on the table icon to view the FVIF table Ignoring taxes and assuming her money is invested in a money market account earning 6% compounded annually, to save the money to buy a car that costs $9,018 will take years (Round to the nearest integer) Data table (Click on the following icon in order to copy its contents into a spreadsheet) Future Value of $1 (single amount), Future-Value Interest Factor 1% 2% 3% 4% 5% 6% 7% 8% 9% 1 10% 1.010 1.020 1.030 1.040 1.050 1.000 1070 1.080 1.090 1.100 2 1.020 1.040 1.061 1.082 1.103 1.124 1145 1.166 1188 3 1210 1.030 1.061 1093 1.125 1.158 1191 1225 1260 1295 1.331 4 1.041 1.082 1.126 1.170 1216 1262 1311 1360 1.412 1464 5 1.051 1.104 1.159 1.217 1276 1.33 1.403 1.469 1.539 1611 6 1062 1.126 1.194 1.265 1340 1.419 1501 1.587 1.677 7 3.777 1.072 1.149 1230 1316 1.407 1.504 1606 1.714 1820 1949 1.083 1172 1267 1369 1477 1.594 1718 1851 1993 2144 9 1.094 1195 1.305 1423 1.551 1689 1.838 1.999 2.172 2.358 10 1.105 1.219 1344 1 480 1629 1.791 1967 2.159 2367 2594 11 1.116 1.243 1384 1.539 1710 1.898 2105 2332 2.580 2853 12 1.127 1.268 1.426 1.601 1.796 2012 2252 2518 2.813 3130 13 1.138 1294 1469 1.665 1806 2.133 2.410 2.720 3066 3452 14 1.149 1319 1513 1.732 1500 2.261 2579 2937 3.342 3797 15 1.161 1346 1558 1801 2.079 2.397 2759 3172 3.642 4.177 16 1.173 1.373 1605 1.873 2.183 2540 2.952 3426 3.970 4595 17 1.184 1,400 1653 1.948 2.292 2693 3.159 3.700 4.328 5.054 18 1196 1428 1702 2026 2407 2854 3380 3996 4717 5560 19 1.200 1.457 1754 2.107 2527 3026 3617 4316 5.142 6116 201 1220 1406 1806 5101 5225 - X

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