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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 10
The price of a car is $50,000 today. Its price is expected to increase by $2400 each year. You now have $25,000 in an investment that is earning 20% per year. The number of years before you have enough money to buy the car, without borrowing any money, is closest to:
a) 3 years
b) 5 years
c) 7 years
d) 9 years
a) 3 years
b) 5 years
c) 7 years
d) 9 years
Explanation
Verified
Verified
13.60 50,000 + 2400n...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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