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Professor Smith may FINALLY buy that new car. He is sniffing out an even BETTER deal because of the economic slowdown. He has $40k that

  1. Professor Smith may FINALLY buy that new car. He is sniffing out an even BETTER deal because of the economic slowdown. He has $40k that he can invest at 2.5% annual interest. The cost of the new car he wants is $62,000. How long will it take until he has enough money to buy the car?

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