You are trying to save to buy a new $190000 BMW 3 series sedan. You have $40000

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You are trying to save to buy a new $190000 BMW 3 series sedan. You have $40000 today that can be invested at your bank. The bank pays 4.8% annual interest on is accounts.

How long will it take before you have money to buy the car?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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Posted Date: Jun 08, 2022 07:12 AM

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You are trying to save to buy a new $190000 BMW 3 series sedan. You have $40000

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Fundamentals of Corporate Finance

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