You want to purchase a boat but you need 45000 if you could


You want to purchase a boat, but you need $45,000. if you could invest your entire savings of $15,000 at an annual interest rate of 15% compounded annually, how long would you have to wait until you have accumulated enough money to buy the car?

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Accounting Basics: You want to purchase a boat but you need 45000 if you could
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