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7. You want to purchase a new car and you are willing to pay $30,000. If you can invest at 8% per year and you

7. You want to purchase a new car and you are willing to pay $30,000. If you can invest at 8% per year and you currently have $10,000, how long will it be before you have enough money to pay cash for the car? (5 Points) 11

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