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You're trying to save to buy a new $ 1 3 0 , 0 0 0 Ferrari. You have $ 4 6 , 0 0

You're trying to save to buy a new $130,000 Ferrari. You have $46,000 today that can be invested at your bank. The bank pays 6.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car?
Multiple Choice
17.58 years
17.83 years
18.08 years
18.33 years
15.83 years

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