Question
you currently have $3,400 in an investment account that returns 11% per year. How long will you have to wait until you can make $5,000
you currently have $3,400 in an investment account that returns 11% per year. How long will you have to wait until you can make $5,000 down payment on a car?
A loan you took out is due in three years and requires repayment of $3000. To pay off the loan, you set aside money in an account that pays 7% interest. In order to meet your obligation, how much money needs to be in the account now?
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Chains Of Finance How Investment Management Is Shaped
Authors: Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie, Ekaterina Svetlova
1st Edition
0198802943, 978-0198802945
