Question
Dr. J. wants to buy a Dell computer which will cost $3,000 three years from today. He would like to set aside an equal amount
Dr. J. wants to buy a Dell computer which will cost $3,000 three years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 8% annual return. How much should he set aside? A. $879 B. $627 C. $924 D. $1,243
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
