Question
T Twenty years from now, you want to spend $175,000 for a fancycar. How much must you deposit as a lump sum today to achieve
T
Twenty years from now, you want to spend $175,000 for a fancycar. How much must you deposit as a lump sum today to achieve thisgoal at an annual interest rate of 6.6 percent?
$54,208.16 | ||
$48,740.95 | ||
$57,911.08 | ||
$40,019.82 | ||
$51,446.60 |
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
