Question
You need to have $79,472 t o buy a small vacation cabin. You have $$15,303 to invest today and your investment will pay 12% interest.
You need to have $79,472 t o buy a small vacation cabin. You have $$15,303 to invest today and your investment will pay 12% interest. How long will you have to leave that $15,303 in that investment?
SHOW WORK
Use one of formulas below
fv=pv(fvfk,n)
fvoa=pmt(fvfoak,n)
pv= fv(pvfk,n)
pvoa=pmt(pvfoak,n)
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
