Question
You expect to receive $30,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000. How long will
You expect to receive $30,000 at
graduation in two years. You plan on investing it at 9 percent until you have
$150,000. How long will you wait from now? (Better than the situation in
Question 9, but still no Ferrari.)
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
