Question: please help and show work please =) You're trying to save to buy a new $220,000 Ferrari. You have $35,000 today that can be invested
please help and show work please =)
You're trying to save to buy a new $220,000 Ferrari. You have $35,000 today that can be invested at your bank. The bank pays 4.5 percent annual interest on its accounts.
How long will it be before you have enough to buy the car?
Multiple Choice
41.51 years
39.76 years
41.76 years
42.26 years
42.01 years
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