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Your grandparents are trying to reduce the taxable amount of their estate, so they give you $18,000 this year your inheritance early. You decide to
- Your grandparents are trying to reduce the taxable amount of their estate, so they give you $18,000 this year your inheritance early. You decide to save it for a down payment on a house. You invest it in the stock market and average a 9% return. How much will your money be worth when you cash it out for your down payment in 10 years, assuming it is compounded monthly?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
