Question
You expect to receive $40,000 at graduation in two years. You plan on investing it at 9 percent until you have $175,000. How long will
You expect to receive $40,000 at graduation in two years. You plan on investing it at 9 percent until you have $175,000. How long will you wait from now?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Please answer question ASAP and fully with all of the correcct answers.
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
