You expect to receive $5,000 at Graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until you
You expect to receive $5,000 at Graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until you have 50,000. At that time, you plan to travel around the world. How long from now will it be until you can begin your travels?
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Authors: Louis Gapenski
5th Edition
1567936113, 978-1567936117
