You want to invest $20,000 today to accumulate $22,500 to buy a car. If you can invest at an interest rate of 3% compounded annually, about how many years will it take to accumulate the required amount? It's sort of big, but here is a set of 3% tables. N PV $1 FVASI FV $1 1.03000 PVA $1 0.97087 FVAD S1 1.0300 PVAD S1 1.000,00 1 0.97087 1.0000 2 0.94260 2.0300 1.91347 2.0909 1.97087 2.91347 3 0.91514 2.82861 3.1836 4 1.06090 1.09273 1.12551 1.15927 1.19405 1.22987 4.3091 3.0909 4.1836 5.3091 0.88849 0.86261 5 5.4684 3.71710 4.57971 5.41719 6.23028 6 0.83748 6.4684 7.6625 6.6625 7.8923 3.82861 4.71710 5.57971 6.41719 7.23028 8.01969 7 0.81309 0.78941 8 7.01969 8.8923 10.1591 9.1591 10.4639 10 1.26677 1.30477 1.34392 1.38423 1.42576 11.4639 0.76642 0.74409 0.72242 0.70138 7.78611 8.53020 9.25262 11.8078 8.78611 9.53020 11 12.8078 13.1920 14.6178 12 10.25262 9.95400 10.63496 13 1.46853 14.1920 15.6178 17.0863 10.95400 14 0.68095 0.66112 0.64186 1.51259 1.55797 11.29607 11.93794 16.0863 17.5989 19.1569 11.63496 12.296071 15 18.5989 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794