Question
You expect to receive $60,000 at graduation in two years. You plan on investing it at 7 percent until you have $120,000. How long will
You expect to receive $60,000 at graduation in two years. You plan on investing it at 7 percent until you have $120,000. How long will you wait after graduation? Please shows all the formula and steps. Don't round off until you get to the end.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
