Question
Tom has $5000 to invest and would like to buy a $9,500 jet-ski in 4 years. If interest rate is compounded monthly, what interest he
Tom has $5000 to invest and would like to buy a $9,500 jet-ski in 4 years. If interest rate is compounded monthly, what interest he has to receive monthly to reach his goal (closet number) ?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
