Question
Randy is saving $450 per month to purchase his first car. The car he wants is $12,500 and Randy is earning 5.5% on his savings.
Randy is saving $450 per month to purchase his first car. The car he wants is $12,500 and Randy is earning 5.5% on his savings. How many months will it take him to have enough to pay cash for the car? Round to the nearest month.
Group of answer choices
30
28
26
20
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
