Question
Stephen plans to purchase a car 3 years from now. The car will cost $38,602 at that time. Assume that Stephen can earn 8.33 percent
Stephen plans to purchase a car 3 years from now. The car will cost $38,602 at that time. Assume that Stephen can earn 8.33 percent (compounded monthly) on his money. How much should he set aside today for the purchase?
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Financial Modeling An Introductory Guide To Excel And VBA Applications In Finance
Authors: Joachim Häcker, Dietmar Ernst
1st Edition
1137426578, 978-1137426574
