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Help1 what formula do I use?? You need to make a purchase in 10 years that will cost you $454,359.39. To save for this, you
Help1 what formula do I use??
| You need to make a purchase in 10 years that will cost you $454,359.39. To save for this, you wish to make a single deposit today. If interest compounds annually, | |||||||||||
| and the interest rate for your account is 11.22%, how much must you deposit right now so that you have enough money saved when you need it? | |||||||||||
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
