Question
You would like to accumulate $50,000 in five years by making a single investment today. You believe you can achieve a return from your investment
You would like to accumulate $50,000 in five years by making a single investment today. You believe you can achieve a return from your investment of 7% annually. How much do you need to invest today to achieve your goal?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
