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Solve In Excel and please Show formulas. As well as possible steps to do a Cashflow diagram Exercise 3.3: Julie would like to buy a
Solve In Excel and please Show formulas. As well as possible steps to do a Cashflow diagram
Exercise 3.3: Julie would like to buy a house for $175,000. She has saved $10,000. She believes in paying cash for the house and would like to delay buying the house until she collects the entire amount. She can invest her money in a money market account that pays 6% per year. She also thinks she can deposit an additional $950 every month-end into the money market account. How long will she have to collect the money before she can buy the house for cashStep by Step Solution
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