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You have $5,000 in your savings account, and want to buy a car for $25,000. Attempt 1/5 for 10 pts. Part 1 If you are
You have $5,000 in your savings account, and want to buy a car for $25,000.
Attempt 1/5 for 10 pts.
Part 1
If you are not earning any more money and the interest rate on your savings account is 6% per year, how many years do you have to wait before you can buy the car?
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