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You are saving up for a $20,000 car. You currently have $14,200 saved up. With...

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Finance

You are saving up for a $20,000 car. You currently have $14,200 saved up. With 8% annual compound interest, how many years will you have to wait until you are able to afford the car? A. 0.22 years B. 1.12 years C. 4.33 years D. 4.45 years E. 5.51 years

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