Question
You need $5,000 to buy a new stereo for your car. If you have $1,500 to invest at 6% compounded annually, how long will you
You need $5,000 to buy a new stereo for your car. If you have $1,500 to invest at 6% compounded annually, how long will you have to wait to buy the stereo?
All work and formulas leading up to the answer have to be shown
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
