SallyMarquez801 SallyMarquez801
  • 01-07-2021
  • Business
contestada

You want to invest $37,000 today to accumulate $41,650 to buy a car. If you can invest at an interest rate of 3% compounded annually, how many years will it take to accumulate the required amount

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Zviko
Zviko Zviko
  • 05-07-2021

Answer:

4 years

Explanation:

It takes 4 years to accumulate the required amount.

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