Question
You plan to spend a semester abroad in France. You will live in France for 7 months starting 11 months from now. Each month in
You plan to spend a semester abroad in France. You will live in France for 7 months starting 11 months from now. Each month in France will cost you $7,796 How much must you invest each month, for 4 months, starting next month to exactly pay for your trip if your investments earn 4.64% APR (compounded monthly)?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
