4. 9. Calculating the number of periods [LO 5.4] You are trying to save to buy a...

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4. 9.

Calculating the number of periods [LO 5.4] You are trying to save to buy a new $245 000 Ferrari. You have $50 000 today that can be invested at your bank. The bank pays 4.3 per cent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Fundamentals Of Corporate Finance

ISBN: 9781743768051

8th Edition

Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan

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