The bank pays 50 percent annual interest on its accounts
You're trying to save to buy a new $140,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car?
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youre trying to save to buy a new 140000 ferrari you have 32000 today that can be invested at your bank the bank pays
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