Question
Ms. Parker would like to have $45,000 to buy a new car in 9 years. To accumulate $45,000 in 9 years, how much should she
Ms. Parker would like to have $45,000 to buy a new car in 9 years. To accumulate $45,000 in 9 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly?
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
