Question
4 year(s) ago, Grace invested 42,777 dollars. She has earned and will earn compound interest of 4.38 percent per year. In 1 year(s) from today,
4 year(s) ago, Grace invested 42,777 dollars. She has earned and will earn compound interest of 4.38 percent per year. In 1 year(s) from today, Marco can make an investment and earn simple interest of 6 percent per year. If Marco wants to have as much in 6 years from today as Grace will have in 6 years from today, then how much should Marco invest in 1 year(s) from today?
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
