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Youre trying to save to buy a new $205,000 Ferrari. You have $55,000 today that can be invested at your bank. The bank pays 6.3%

Youre trying to save to buy a new $205,000 Ferrari. You have $55,000 today that can be invested at your bank. The bank pays 6.3% interest, compounded monthly, on its accounts. How long will it be before you have enough to buy the car?

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