When will your money equal the cost of the laptop

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Reference no: EM13146759

The cost of laptop computers is decreasing at a rate of 12% per year. You can earn 7.4% annual interest from a "junk Bond" fund. If the laptop you want currently costs $1500 and you have $800 to invest, when will your money equal the cost of the laptop?

Reference no: EM13146759

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