You're trying to save to buy a new $230,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car?
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You're trying to save to buy a new $230,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.5 percent ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » You're trying to save to buy a new $230,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car?