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The price of a car you want is $ 3 9 , 0 0 0 today. Its price is expected to increase by $ 1
The price of a car you want is $ today. Its price is expected to increase by $ each year. You now have $ in an
investment account, which is earning per year. How many years will it be before you have enough to buy the car without
borrowing any money? Round the final answer to three decimal places.
The time taken is determined to be
years.
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