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#5 Suppose you want ot own a Ferrari. The cost will be $202,000.00 The appropratie discount rate is 12.0% The time horizon is 9 years.
#5 | Suppose you want ot own a Ferrari. | ||
The cost will be | $202,000.00 | ||
The appropratie discount rate is | 12.0% | ||
The time horizon is | 9 | years. | |
How much must you invest today to the buy the car in the future? | |||
#6 | You have just made a contribution to your retirement account in the amount of | $5,900.00 | |
The compound rate is | 11.00% | ||
You plan on retiring in | 36 | years. | |
What will the account be worth when you retire? |
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