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Suppose you would like to have a $ 2 4 5 0 0 0 in the future to buy a car. If you believe your
Suppose you would like to have a $ in the future to buy a car. If you believe your mutual fund that you invest your money in can achieve an annual rate of return of and you want to buy the car in nine years from now, how much must you invest today?
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Okay lets break this down stepbystep You want 245000 in 9 years T...
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
