You just graduated from college and landed your first "real" job, which pays $48,000 a year. In 17 years how much will you need to earn to maintain the same purchasing power if inflation is 2.50% per year? "You have already saved $7000 to buy a used car. You invest this money in a certificate of deposit earning 0.90% APR compounded monthly. How many years will It take your account to reach your target of $7475 in order to buy the new car