Question
A young graduate looks to save money to buy a house 8.00 years from today. He is somewhat conservative and will invest his money in
A young graduate looks to save money to buy a house 8.00 years from today. He is somewhat conservative and will invest his money in a bond fund that pays 6.00% annually. The graduate invests $11,605.00 today. How much will his account be worth in 8.00 years? Answer Format: Currency: Round to: 2 decimal places.
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
