14. 2.90 You plan to pay $38,000 cash for the new truck you want to buy 5...

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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.

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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