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Suppose you are committed to owning a $ 2 2 5 , 0 0 0 Ferrari. If you believe your mutual fund can achieve an
Suppose you are committed to owning a $ Ferrari.
If you believe your mutual fund can achieve an annual return of percent, and you want to buy the car in years on the day you turn how much must you invest today? Do not round intermediate calculations and round your answer to decimal places, eg
Amount to be invested
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