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INTERMEDIATE FINANCIAL MANAGEMENT Question & You're trying to save to buy a new S120,000 Ferrari. You have $40,000 today that can be invested at your
INTERMEDIATE FINANCIAL MANAGEMENT 
Question & You're trying to save to buy a new S120,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 55 percent annual interest on its accounts. How long will it be before you have enough to buy the car? Present value Years Interest rate Future value Step by Step Solution
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
