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Kayla wants to have $100,000 saved when she graduates. She plans to graduate in 6 years and believes that she can earn 12% per
Kayla wants to have $100,000 saved when she graduates. She plans to graduate in 6 years and believes that she can earn 12% per year. Caroline believes Kayla is overly optimistic about her earning ability and believes Kayla can only earn 6% per year. What is the difference in the amount Kayla must deposit if Caroline is correct to have $100,000 upon graduation?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
