FIN 5020 Lee David : 10/30/19 3:27 PM Save Homework: Homework | Score: 0 of 1 pt 9 of 25 (5 complete) Problem P3-2 (similar to) HW Score: 17.33%, 4.33 of 25 pts :3 Question Help Linda Baer has already saved $5,690 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 4 percent compounded annually, how long will it take to buy a car that costs $8,098? Click on the table icon to view the FVIF table : Ignoring taxes and assuming her money is invested in a money market account earning 4% compounded annually, to save the money to buy a car that costs $8,098 will take years. (Round to the nearest integer.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer n| 1% 2% 3% 4% 5% 6% 7% 8% 9% | 10% |1 |1.010 1.02011.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 12 1.02011.040 1.0611.0821 1.103 1.124 1.145 1.166 1.188 1.210 31.03011.0611.09311.125 1.158 1.191 1.225 1.260 1.295 1.331 14 1.0411.08211.126|1.170 1.216 1.262 1.311 1.360 1.412 1.464 | 51.0511.10411.15911.217 1.276 1.338 1.403 1.469 1.539 1.611 6 1.06211.1261.19411.265 1.340 1.419 1.501 1.587 1.677 1.772 71.07211.149|1230 1316 1407 1504 1606 1714 1828 1949 81.08311.1721.26711.369 1.477 1.594 1.7181 1.851 1.993 2.144 19 1.0941.19511.30511.423 1.551 1.689 1.838| 1.999 2.172 2.358 [10]1.10511.2191.3441.480 1.629 1.791| 1.967 2.159 2.367) 2.594 [11/1.11611.24311.3841.539 1.710 1.8981 2.105 2.3321 2.580] 2.853 12/1.12711.2681.426|1.601 1.796 2.012 2.252 2.518 2.813 3.138 131.13811.2941.46911.665 1.886 2.133] 2.410 2.720 3.066 3.452 141.1491.3191.51311.732 1.980 2.261| 2.579 2.937 3.342] 3.797 151.1611.346 1.55811.801 2.079 2.397 2.759 3.172 3.642 4.177 1611.17311.37311.60511.8731 2.183 2.540 2.9521 3.4261 3.970 4.595 171.1841.400 1.6531.948 2.2921 2.693 3.159 3.700 4.328 5.054 181.19611.4281.7022.026 2.407 2.854 3.380 3.996 4.717 5.560 191.20811.4571.75412.107 2.527 3.026 3.617 4.316 5.142 6.116 2011.220 1.486 1.80612.191 2.653 3.207 3.870 4.661 5.604 6.727 211.23211.516 1.8602.279 2.786 3.400 4.141 5.034 6.109 7.400 2211.24511.546|1.9162.370| 2.925 3.604 4.430 5.437 6.659 8.140 231.2571.5771.97412.465 3.072] 3.820] 4.741 5.871 7.258 8.954 241.270 1.60812.03312.563 3.2254.049 5.072] 6.341 7.911 9.850 |25|1.28211.64112.0942.666 3.386 4.292 5.427] 6.848 8.623 10.835 30 1.34811.8112.42713.243 4.322 5.743] 7.612 10.063 13.268 17.449 40 1.48912.20813.26214.801 7.040 10.286114.974121.725131.409 45.259 50 1.6452.6924.3847.107111.46718.420129.457 46.90274.358 117.391
