Question
You want to save (deposit) $6,816 per year, starting next year, to make a down payment of $75,248 on a vacation home. If you can
You want to save (deposit) $6,816 per year, starting next year, to make a down payment of $75,248 on a vacation home. If you can earn 3.32 percent on your investment, for how many years will you have to make deposits?
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Continuous Time Finance
Authors: Robert C. Merton
1st Edition
0631185089, 978-0631185086
