Question: Please solve using the finance solver on a calculator. thank you! The Reliance Volunteer Fire Company wants to take advantage of a state program to
The Reliance Volunteer Fire Company wants to take advantage of a state program to save money to purchase a new fire truck. The truck will cost $490,000, and members of the finance committee estimate that with community and state contributions, they can save $4,500 per month in an ordinary annuity paying 10.1% annual interest. How long will it take to save for the truck? It will take months to save for the truck. (Round up to the nearest month.)
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