Question
A single mom wants to purchase a new car for her daughter in 5 years. She estimates that the car will cost $30,000 after all
A single mom wants to purchase a new car for her daughter in 5 years. She estimates that the car will cost $30,000 after all rebates. Assuming she invests at 8% compounded semiannually for 5 years, what must she invest today?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
