You just bought a new car and have decided to start saving, Financial Management

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You just bought a new car and have decided to start saving

You just bought a new car and have decided to start saving for your next car. You believe you'll be able to get an interest rate averaging 6% and can save $20/week. How long will it take you to save $20,000 to buy your next car? Plot the savings balance as function of time.

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Financial Management: You just bought a new car and have decided to start saving

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Financial Management: You just bought a new car and have decided to start saving

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