Question
Stephen plans to purchase a car 8 years from now. The car will cost $65,574 at that time. Assume that Stephen can earn 9.31 percent
Stephen plans to purchase a car 8 years from now. The car will cost $65,574 at that time. Assume that Stephen can earn 9.31 percent (compounded monthly) on his money. How much should he set aside today for the purchase?
Round the answer to two decimal places.
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Global Marketing management
Authors: Masaaki Kotabe, Kristiaan Helsen
5th edition
978-0470505748
