Question
You expect to receive $30,000 at graduation in two years. You plan on investing it at 7 percent until you have $100,000. How long
You expect to receive $30,000 at graduation in two years. You plan on investing it at 7 percent until you have $100,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Years to wait 17.79
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Get StartedRecommended Textbook for
Essentials of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
10th edition
1260013955, 1260013952, 978-1260013955
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