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1 A B C D E F G 2 You're trying to save to buy a new $275,000 Ferrari. You have $50,000 today that
1 A B C D E F G 2 You're trying to save to buy a new $275,000 Ferrari. You have $50,000 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? 3 4 Input area: 5 6 Future value 7 Present value 8 Interest rate 9 $275,000 $50,000 4.80% 10 (Use cells A6 to B8 from the given information to complete this question.) 11 12 Output area: 13 14 Number of years 15
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