Question
Lamar needs $3500 for a future project. He can invest $2500 now at an annual rate of 12%, compounded semiannually. Assuming that no withdrawals are
Lamar needs $3500 for a future project. He can invest $2500 now at an annual rate of 12%, compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project? Round to the nearest hundredth
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
