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You know that you'll inherit $30,000 in 17 years. If you borrow $4,000 now and plan to pay it off with the money you'll inherit,
- You know that you'll inherit $30,000 in 17 years. If you borrow $4,000 now and plan to pay it off with the money you'll inherit, what is the highest annual interest rate you can afford on the loan?
- Your bank offers an interest rate of 8% per year. How long does it take you to double your money?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
