Suppose you would like to have a $ 2 4 5 0 0 0 in the future
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Question:
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?
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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