Question
You expect to receive $33,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $168,000. How long will
You expect to receive $33,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $168,000.
How long will you wait from now? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
