Question
Suppose you are committed to owning a $195,000 Ferrari. Required: If you believe your mutual fund can achieve a 10.6 percent annual rate of return,
Suppose you are committed to owning a $195,000 Ferrari. Required: If you believe your mutual fund can achieve a 10.6 percent annual rate of return, and you want to buy the car in 8 years on the day you turn 30, how much must you invest today?
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
