Question
Ten years ago, Hailey invested $2,900 and locked in a 9 percent annual interest rate for 30 years (end 20 years from now). Aidan can
Ten years ago, Hailey invested $2,900 and locked in a 9 percent annual interest rate for 30 years (end 20 years from now). Aidan can make a 20-year investment today and lock in a 10 percent interest rate.
| How much money should he invest now in order to have the same amount of money in 20 years as Hailey? |
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
