Question
In 4 years your spouse will need a new car, which you estimate at $20000. You are confident based upon what you have learned in
In 4 years your spouse will need a new car, which you estimate at $20000. You are confident based upon what you have learned in this course that you can earn 8% annually on an investment portfolio. How much should you put into the portfolio today in order to have the 20K in 4 years?
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Step: 1
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An Introduction to Management Science Quantitative Approach to Decision Making
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
15th edition
978-1337406529
