Question
Your daughter is born today and you want her to be a millionaire by the time she is 40 years old, opening an investment account
Your daughter is born today and you want her to be a millionaire by the time she is 40 years old, opening an investment account that promises to pay 11.5% per year. How much money must you deposit today so your daughter will have 1,000,000 by her 35th birthday? A. 18940 B.20100 C. 28575 D. 22150
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
9th Edition
0324537190, 9780324537192
