Question
You plan to give your child a new car for her graduation in 19 months. The car costs $27,519 How much must you invest today
You plan to give your child a new car for her graduation in 19 months. The car costs $27,519 How much must you invest today in an account that earns 2.58% APR (compounded monthly) to exactly pay for the car?
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To calculate the amount you must invest today to exactly pay for the car in 19 months we can use the ...
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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
