Question
Youre trying to save to buy a new $164,000 Ferrari. You have $30,600 today that can be invested at your bank. The bank pays 6.2%
Youre trying to save to buy a new $164,000 Ferrari. You have $30,600 today that can be invested at your bank. The bank pays 6.2% annual interest on its accounts. How many years will it be before you have enough to buy the car?
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
