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QUESTION

You want to buy your dream car, but you are $5,000 short.

6. You want to buy your dream car, but you are $5,000 short. If you could invest your entire savings of $2,350 at an annual interest of 12%, how long would you have to wait until you have accumulated enough money to buy the car? a. 9.40 years b. 3.48 years c. 7.24 years d. 6.66 years

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