Question
You love your business but are looking forward to retirement. You want to buy a big RV. It will cost $210,614. You have $36,000 to
You love your business but are looking forward to retirement. You want to buy a big RV. It will cost $210,614. You have $36,000 to open the account and you will deposit $550 at the end of each month. If you wish to retire in 12 years,
what yearly rate will you need in the market for this to work?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
