Question
1.00 points 7. You're trying to save to buy a new $193,000 Ferrari. You have $43,000 today that can be invested at your bank. The
1.00 points
7.
You're trying to save to buy a new $193,000 Ferrari. You have $43,000 today that can be invested at your bank. The bank pays 5.1 percent annual interest on its accounts. |
How long will it be before you have enough to buy the car? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Number of years 8. value: 1.00 points
9. value: 1.00 points
|
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