You're trying to save to buy a new $160,000 Ferrari. You have $30,000 today that can be

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You're trying to save to buy a new $160,000 Ferrari. You have $30,000 today that can be invested at your bank. The bank pays 4.7 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 07:07 AM

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You're trying to save to buy a new $160,000 Ferrari. You have $30,000 today that can be

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Essentials Of Corporate Finance

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