You're trying to save to buy a new $160,000 Ferrari. You have $33,000 today that can be invested at your bank. The bank pays 3.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car? NOTE: In this problem there is only one cash flow (chapter 5 problem). FV =PV(1+r)t is the equation you use. In this problem you are solving for t. Multiple Choice 45.64 years 45.89 years 46.14 years 43.89 years 46.39 years