Question
You are planning to purchase a new car in 5 years, which you estimate will cost $30,000. You currently have $18,900. What rate of interest
You are planning to purchase a new car in 5 years, which you estimate will cost $30,000. You currently have $18,900. What rate of interest (compounded annually) must you earn in order to reach your financial goal? Please round your answer to the nearest hundredth. CAn you please just type the equation used?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
