Question
Your roommate gave you a lottery ticket for your birthday and you won $224,000. You would like to deposit enough today to buy an $80,000
Your roommate gave you a lottery ticket for your birthday and you won $224,000. You would like to deposit enough today to buy an $80,000 home 10 years from now. What would you have to deposit today if you can lock in a 9% interest rate?
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
