Question
You want to buy a Ferrari Portofino. You can't afford it, but your local loan shark will lend youthe cost of the car ($230,950) if
interest rate on this loan? Use the Principles of Spreadsheet Design to set up and solve thisproblem.
4. Your wealthy relative has left you $3 million in trust you can access when you're 30 (in 5 years).If interest rates are about 8%, what is this worth to you now? Use the Principles of Spreadsheet
Design to set up and solve this problem.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
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