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Posted on Sep 07, 2024

You're trying to save to buy a new ( $ 1 8 0 , 0 0 0 ) Ferrari. You have

You're trying to save to buy a new

\ (\

180, 000 \)

Ferrari. You have

\ (\

25, 000 \)

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

\ (4 \)

percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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