Question
You expect to receive payment from a trust fund within 2 years. The payout will be $11,600. You plan to deposit the money at an
You expect to receive payment from a trust fund within 2 years. The payout will be $11,600. You plan to deposit the money at an annual rate of 6.7 percent until the account is worth $19,900. How many years do you have to wait from today?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
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