Question
Julia has deposited RM30,000 today into an account that earns 10 percent annually. She plans to leave the funds in the account for 5 years
Julia has deposited RM30,000 today into an account that earns 10 percent annually. She plans to leave the funds in the account for 5 years earning interest. If the goal of this deposit is to cover a future obligation of RM50,000.00 what recommendation would you make to Julia?
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Financial Management Principles And Practices
Authors: Timothy J. Gallagher
9th Edition
1954156103, 978-1954156104
