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Please show how each value is used to compute final answers: Question 1: Question 2: You expect to receive $44,000 at graduation in two years.
Please show how each value is used to compute final answers:
Question 1:
Question 2:
You expect to receive $44,000 at graduation in two years. You plan on investing it at 10 percent until you have $179,000. How long will you wait from now? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Period years Suppose you are committed to owning a $192,000 Ferrari. If you believe your mutual fund can achieve a 13 percent annual rate of return and you want to buy the car in 10 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Investment EAStep by Step Solution
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