Question
You plan to save $2,000 each year for the next four years to pay for a vacation. You invest (and reinvest) the money at the
You plan to save $2,000 each year for the next four years to pay for a vacation. You invest (and reinvest) the money at the beginning of each year. If you can invest it at 8 percent, how much will you have at the end of four years?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
