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a. John won a lottery worth $145,000 and she is expecting to buy a business in five years from now. He has been told
a. John won a lottery worth $145,000 and she is expecting to buy a business in five years from now. He has been told by the bank that he would need about $350,000 to set the business in the future. What percentage of the business can be funded by the money from the lottery in 5 years from now. [Assume that interest will remain 7.7% unchanged. ]
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
