Question
You want to buy a house in 7 years and expect to need $30000 for a down payment. If you have $10000 to invest, how
You want to buy a house in 7 years and expect to need $30000 for a down payment. If you have $10000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
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