You're trying to save to buy a new $210,000 Ferrari. You have $38,000 today that can be invested at your bank. The bank pays 4.1 percent annual interest on is accounts. How long will it be before you have enough to buy the car? A. 39.29 years B. 40.67 years C.41.08 years D.42.54 years
You're trying to save to buy a new $210,000 Ferrari. You have $38,000 today that can be invested at your bank. The bank pays 4.1 percent annual interest on is accounts. How long will it be before you have enough to buy the car? A. 39.29 years B. 40.67 years C.41.08 years D.42.54 years
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You're trying to save to buy a new $210,000 Ferrari. You have $38,000 today that can be invested at your bank. The bank pays 4.1 percent annual interest on is
accounts. How long will it be before you have enough to buy the car?
A. 39.29 years
B. 40.67 years
C.41.08 years
D.42.54 years
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