You're trying to save to buy a new $191,000 Ferrari. You have $41,000 today that can be

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You're trying to save to buy a new $191,000 Ferrari. You have $41,000 today that can be invested at your bank. The bank pays 4.9 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Apr 22, 2022 05:28 AM

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You're trying to save to buy a new $191,000 Ferrari. You have $41,000 today that can be

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Current Deposit PV 41000 Future Value FV 19... View the full answer

Fundamentals of Corporate Finance

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