Question
SStephen plans to purchase a car in 5 years from now. The car I'll cost 32,000 at that time. Assume tht Stephan can earn 7.32%
SStephen plans to purchase a car in 5 years from now. The car I'll cost 32,000 at that time. Assume tht Stephan can earn 7.32% (compounded monthly) on his money. How much should he set aside today for the purchase?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
