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You've graduated from college and landed a good job. You want to replace your car, but don't want to take out a car loan.

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You've graduated from college and landed a good job. You want to replace your car, but don't want to take out a car loan. Instead, you decide to invest $500 per month in the stock market and hope to earn 6%. If the market performs as you're hoping, how many years will it take to accumulate $35,000? Ignore taxes. Monthly Payment ($) Growth Rate (%) 500 6 Future Value ($) 35,000 Number of Years = Monthly Payment ($) 500 Growth Rate (%) 6 Future Value ($) 35,000 Number of Years = (Round to two decimal places.)

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