Question
Instead of depositing funds in the bank you decide to invest in a mutual fund that you believe will achieve an 6.00% annual rate of
Instead of depositing funds in the bank you decide to invest in a mutual fund that you believe will achieve an 6.00% annual rate of return. You want to buy the car in 10 years on the day you turn 35, how much must you invest today? I must invest $_________ today.
The Car price is $28,000.00
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
3rd Edition
0123865492, 9780123865496
