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2. The total cost of a college education in 18 years is estimated to be $290,000. You presently have $55,000 to invest. What annual rate
2. The total cost of a college education in 18 years is estimated to be $290,000. You presently have $55,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of a college education in 18 years? PV: N : FV: I/Y: 3. At 7% interest, how long does it take to double your money? PV: N : FV: I/Y
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
