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Suppose you are committed to owning a $300,000 ferrari . If you believe your mutual fund can achieve 10% annual rate of return and you

Suppose you are committed to owning a $300,000 ferrari . If you believe your mutual fund can achieve 10% annual rate of return and you want to buy the car in 10 years. How much do you have to invest today?

PV = FV x PVif (Appendix B)

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