Question
Brandon wants to accumulate $57,000 in 12 years to purchase a boat. He expects an annual rate of return of 10.5% compounded quarterly. How much
Brandon wants to accumulate $57,000 in 12 years to purchase a boat. He expects an annual rate of return of 10.5% compounded quarterly. How much does Brandon need to invest today to meet his goal?
| 1. | $16,433.22 | |
| 2. | $3,529.49 | |
| 3. | $10,619.11 | |
| 4. | $3,883.21 |
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The Millionaire Next Door The Surprising Secrets Of Americas Wealthy
Authors: Thomas J. Stanley, William D. Danko
1st Edition
1589795474, 978-1589795471
