Question
1) Youre trying to save to buy a new $120,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays
1) Youre trying to save to buy a new $120,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.5% annual interest on its accounts. How long will it be before you have enough to buy the car?
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Theoretical Foundations For Quantitative Finance
Authors: Luca Spadafora, Gennady P Berman
1st Edition
9813202475, 978-9813202474
