Question
Bill and Cathy will be retiring in fifteen years and would like to buy an Italian villa. The villa costs $500,000 today, and housing prices
Bill and Cathy will be retiring in fifteen years and would like to buy an Italian villa. The villa costs $500,000 today, and housing prices in Italy are expected to increase by 5.5% per year. Bill and Cathy wants to deposit one lump sum amount today. If their account earns 7.5% per year, what is the amount of this deposit?
| $377,251 | ||
| $267,219 | ||
| $307,839 | ||
| $372,623 |
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Machine Learning In Finance From Theory To Practice
Authors: Matthew F Dixon, Igor Halperin, Paul Bilokon
1st Edition
3030410676, 978-3030410674
