1. Business
  2. Finance
  3. youre trying to save to buy a new 170000 ferrari...

Question: youre trying to save to buy a new 170000 ferrari...

Question details

you're trying to save to buy a new $170,000 Ferrari. You have $41,000 today that can be invested at your bank. The bank pays 6.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

A) 24.16 years B) 24.91 years C) 22.41 years D) 24.41 years E) 24.66 years E)

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution