Calculating the number of periods youre trying to save to, Finance Basics

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Calculating the number of periods youre trying to save to

Question: Calculating the Number of Periods. You're trying to save to buy a new dollar 150,000 Ferrari. You have dollar 35,000 today that can be invested at your bank. The bank pays 2.1 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Finance Basics: Calculating the number of periods youre trying to save to

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