Youre trying to save to buy a new 204000 ferrari you have


You're trying to save to buy a new $204,000 Ferrari. You have $54,000 today that can be invested at your bank. The bank pays 6.2 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Financial Management: Youre trying to save to buy a new 204000 ferrari you have
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