14. 2.90 You plan to pay $38,000 cash for the new truck you want to buy 5...
Question:
14. 2.90 You plan to pay $38,000 cash for the new truck you want to buy 5 years from now. If you have already saved $12,500, how much will your well-to-do aunt have to give you 2 years from now (as a graduation present) for you to have the total amount of $38,000? Assume all funds are invested and return 8% per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
Question Posted: