You've graduated from college and landed a good job. You want to replace yourcar, butdon't want to take out a car loan. Instead, you decide to invest $100 per month in the stock market and hope to earn8%. If the market performs asyou're hoping, how many years will it take to accumulate $40,000? Ignore taxes.

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 $100 per month in the stock market and hope to earn 8%. If the market performs as you're hoping, how many years will it take to accumulate $40,000? Ignore taxes. Monthly Payment ($) 100 Growth Rate (%) 8 Future Value ($) 40,000 Number of Years = Monthly Payment ($) 100 Growth Rate (%) 8 Future Value ($) 40,000 Number of Years = (Round to two decimal places.)