Question
You will receive $4,000 at graduation 3 years from now. You plan on investing this money at 5 percent annual compound interest until you have
You will receive $4,000 at graduation 3 years from now. You plan on investing this money at 5 percent annual compound interest until you have accumulated $50,000. How many years from today will it be when this occurs?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
