Question
Amanda wants to have $20,000 in 6 years to buy a car. She plans to start saving in 2 years.If money grows according to simple
Amanda wants to have $20,000 in 6 years to buy a car. She plans to start saving in 2 years.If money grows according to simple interest rate with accumulation functiona(t) = 1 + 0.05t.How much principal she will need to reserve for saving?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
