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How long will have to wait if do not add additional money

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Problem 1: Suppose you want to buy some new furniture for your family room. You currently have $500 and the furniture you want costs $600. If you can earn 6%, how long will you have to wait if you don't add any additional money

Select one:

a. 3.25 years
b. 3.13 years
c.2.89 years
d. 2.49 years
e. 2.57 years

Reference no: EM133005942

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