Question: Question 3 ( 4 points) Nicholas is saving $232 per month. If their account earns a 3.7% interest rate, how many years will it take

Question 3 ( 4 points) Nicholas is saving $232 per month. If their account earns a 3.7% interest rate, how many years will it take before they can buy a $27,000 car? Lauren recently inherited $1,930,000, which they immediately invested in an equity index mutual fund. If they plan to withdraw $7,000 per month from their account, what annual interest rate must they earn in order to have $251,000 left after 27 years

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