Question
(The Sailboat Problem) You turn 39 today and plan to retire on your 50th birthday. On your 50th birthday, you will buy a sailboat and
(The Sailboat Problem) You turn 39 today and plan to retire on your 50th birthday. On your 50th birthday, you will buy a sailboat and sail around the world. You figure that you will be able to invest $700 a month starting on your 40th birthday and ending one month prior to your 50th birthday. You project that the interest rate for your investment will be 0.17% per month. How much money will you have when you are 50 to buy a sailboat?
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Handbook Of Financial Markets Dynamics And Evolution
Authors: Thorsten Hens
1st Edition
0323165478, 978-0323165471
