You are trying to save to buy a new $500,000 Ferrari. You have $50,000 today that can be invested at your bank. The bank pays 4.5% annual interest on its accounts. How long will it be before you have enough to buy the car? 4. [2] You are still committed to owning a $500,000 Ferrari. If you believe you mutual fund can achieve an annual rate of return of 15% and you now want to buy the car in 10 years (on the day you turn 30), how much must you invest today