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9. Saving Faster Dean is planning to purchase a new Nissan Altima which costs $26,865. He has saved up $3.200 to out toward it. He
9. Saving Faster Dean is planning to purchase a new Nissan Altima which costs $26,865. He has saved up $3.200 to out toward it. He is thinking aboutgetting a loan for it from his credit unionr but he could also keep driwng his beat-up old carfor a while longer and save up cash forthe new one Possibility Two: Saving Up Assume Dean puts his $3,200 in his savings account which has an APR of1.2%i Dean knows he could afford the monthly loan payment thatwe calculated earlier. If he deposits that amount into his savings account every month how many years will it take him to save up for the car? Round your answer to two deornal placesi
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