Question
Your parents inform you that their savings plan for you will mature in 2 years to give you $9,000. Knowing it would not be enough,
Your parents inform you that their savings plan for you will mature in 2 years to give you $9,000. Knowing it would not be enough, you plan on investing this money at 10 percent per annum until you have $60,000. How many years will it take this to happen from now?
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Introductory Econometrics For Finance
Authors: Chris Brooks
2nd Edition
052169468X, 9780521694681
