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Please do it in Excel. Teresa has $9,000 invested in a Bank and wants to buy his father's car for $18,000. Her father will wait
Please do it in Excel.
Teresa has $9,000 invested in a Bank and wants to buy his father's car for $18,000. Her father will wait until she has this money to make the transaction. Supposing she won't deposit more money in her account and relies solely on interest to make this money to grow, and considering that her account pays 0.85% a month, for how long will they have to wait until they can transfer the car approximately? A) 5 years and 6.85 months B) 6 years and 9.89 months C) 5 years and 4.74 months D) 6 years and 8.98 months E) 5 years and 7.47 months F) None of the aboveStep by Step Solution
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