Question
You would like to buy a retirement home in Florence, Italy in 4 years. The type of home you want to buy currently costs $568,706,
You would like to buy a retirement home in Florence, Italy in 4 years. The type of home you want to buy currently costs $568,706, but you expect the price to rise at 3% per year for the next 4 years.
If your investments earn 6.14% APR compounded annually (nominal), how much do you have to invest in years 1 to 4 to be able to purchase your retirement home?
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick, Ayako Yasuda
3rd Edition
1119490111, 978-1119490111
