Question
You expect to receive $31,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $166,000. How long will
You expect to receive $31,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $166,000.
| How long will you wait from now? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| Period | years |
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
