Question
7. You have just received $125,000 from the estate of a long-lost rich uncle. If you invest all your inheritance in a tax-free bond fund
7. You have just received $125,000 from the estate of a long-lost rich uncle. If you invest all your inheritance in a tax-free bond fund earning 6.7% compounded quarterly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.)
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Cima Official Exam Practice Kit Fundamentals Of Management Accounting Cima Certificate In Business Accounting 2006 Syllabus
Authors: Walter Allan
2nd Edition
0750687177, 978-0750687171
