You're trying to save to buy a new $225,000 Ferrari. You have $45,000 today that can be

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You're trying to save to buy a new $225,000 Ferrari. You have $45,000 today that can be invested at your bank. The bank pays 4.8 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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Question Posted: Nov 21, 2016 08:12 AM

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Fundamentals of Corporate Finance

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