You expect to receive $10,000 at graduation in two years. You plan on investing it at 9

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You expect to receive $10,000 at graduation in two years. You plan on investing it at 9 percent until you have $60,000. How long will you wait from now?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Question Posted: Jul 17, 2019 09:08 AM

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You expect to receive $10,000 at graduation in two years. You plan on investing it at 9

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The time line is To answer this question we can use either the FV or the PV formula Both ...View the full answer

Fundamentals of Corporate Finance

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