Question
Problem 5-9 Calculating the Number of Periods You're trying to save to buy a new $208,000 Ferrari. You have $58,000 today that can be invested
Problem 5-9 Calculating the Number of Periods
You're trying to save to buy a new $208,000 Ferrari. You have $58,000 today that can be invested at your bank. The bank pays 6.6 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.)
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Global Finance
Authors: Robert Holton
1st Edition
0415619165, 978-0415619165
