Question
You have $5,000 in your savings account, and want to buy a car for $30,000. If you are not depositing any new money into your
You have $5,000 in your savings account, and want to buy a car for $30,000. If you are not depositing any new money into your account and the interest rate on your savings account is 4% per year, how many years do you have to wait before you can buy the car (1+ decimals)?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
