Question
Your car needs a new engine and it cost $2,500. You currently have $750 to invest at 9% compound annually, how long will you have
Your car needs a new engine and it cost $2,500. You currently have $750 to invest at 9% compound annually, how long will you have to wait to buy the engine?
12.39 years
13.05 years
13.97 years
14.20 years
14.05 years
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
