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You're trying to save to buy a new $ 1 9 8 , 0 0 0 BMW 3 series sedan. You have $ 4 8

You're trying to save to buy a new $

198, 000

BMW

3

series sedan. You have $

48, 000

today that can be invested at your bank. The bank pays

4.6 %

annual interest on its accounts.

How long will it be before you have enough to buy the car?

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