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Suppose you are committed to owning a $240,000 Ferrari. If you believe your mutual fund can achieve an annual return of 11,05 percent, and you

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Suppose you are committed to owning a $240,000 Ferrari. If you believe your mutual fund can achieve an annual return of 11,05 percent, and you want to buy the car in 9 years on the day you turn 30 , how much must you invest today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct

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