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You are trying to save enough to buy a $ 1 6 0 , 0 0 0 Ferrari. You have $ 3 5 , 0

You are trying to save enough to buy a $160,000 Ferrari. You have $35,000 today that can be invested at your bank. The bank pays 3.2% annual interest on its accounts. How long will it be before you have enough to buy the car? (Round to two decimal places).
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46.20 years
48.25
15.86 years
32.71 years

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