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You want to save €150 a month to buy a car costing €5,000. How long will...

You want to save €150 a month to buy a car costing €5,000. How long will you have to save if interest rates are 0.5% a month

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Answer #1

​​​​​​30.91 months required to accumulate €5,000 at €150 savings a month to buy a car.

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