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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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