{"id":358,"date":"2017-11-08T11:34:00","date_gmt":"2017-11-08T05:34:00","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/youre-trying-to-save-to-buy-a-new-160000-ferrari-you-have-constant\/"},"modified":"2017-11-08T11:34:00","modified_gmt":"2017-11-08T05:34:00","slug":"youre-trying-to-save-to-buy-a-new-160000-ferrari-you-have-constant","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/youre-trying-to-save-to-buy-a-new-160000-ferrari-you-have-constant\/","title":{"rendered":"You&#8217;re trying to save to buy a new $160,000 Ferrari. You have &#8230; constant."},"content":{"rendered":"<p>You&#8217;re trying to save to buy a new $160,000 Ferrari. You have $56,000 today that can be invested at your bank. The bank pays 6 percent annual interest on its accounts. How many years will it be before you have enough to buy the car? Assume the price of the car remains constant.<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[70],"subject":[7],"class_list":["post-358","mcq","type-mcq","status-publish","hentry","topic-the-time-value-of-money","subject-corporate-finance"],"mcq_note":"You're trying to save to buy a new $160,000 Ferrari. You have $56,000 today that can be invested at your bank. The bank pays 6 percent annual interest on its accounts. How many years will it be before you have enough to buy the car? Assume the price of the car remains constant.Answer:18.02 years.","mcq_options":[{"right":"no","answer":"16.67 years "},{"right":"no","answer":"17.04 years "},{"right":"no","answer":"17.41 years "},{"right":"yes","answer":"18.02 years"}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":70,"title":"The Time Value of Money","slug":"the-time-value-of-money"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=358"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=358"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=358"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}