Question
John is planning on getting rid of his current car and buying a new sports car 3 years from now, he plans to save $7,400
John is planning on getting rid of his current car and buying a new sports car 3 years from now, he plans to save $7,400 per year, beginning one year from today. He will deposit his savings in an account that pays 5.2% interest. How much will he have just after he make the 3rd deposit, 3 years from now?
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
