View Policies Current Attempt in Progress You'd like to purchase a new car after you graduate...

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View Policies Current Attempt in Progress You'd like to purchase a new car after you graduate and start working. The car that you would really like costs $36,500. You are currently earning a rate of 4.08% in an investment account. Suppose that you still want to purchase a $36,500 car, but are not willing to wait as long. You found a riskier investment opportunity that is expected to pay 11% annually. How long will it take you to purchase the car for $36,500 if you have $18,250 today? (Use the Rule of 72 for calculation.) (Round answer to 1 decimal place, e.g. 52.7.) Number of years Save for Later a 74 # 0 3 years 65 MacBook Pro <6 Attempts: 0 of 1 used Submit Answer & 7 8 9 0 View Policies Current Attempt in Progress You'd like to purchase a new car after you graduate and start working. The car that you would really like costs $36,500. You are currently earning a rate of 4.08% in an investment account. Suppose that you still want to purchase a $36,500 car, but are not willing to wait as long. You found a riskier investment opportunity that is expected to pay 11% annually. How long will it take you to purchase the car for $36,500 if you have $18,250 today? (Use the Rule of 72 for calculation.) (Round answer to 1 decimal place, e.g. 52.7.) Number of years Save for Later a 74 # 0 3 years 65 MacBook Pro <6 Attempts: 0 of 1 used Submit Answer & 7 8 9 0