Question
Youre trying to save to buy a new $175,000 Ferrari. You have $53,000 today that can be invested at your bank. The bank pays 4.2
Youre trying to save to buy a new $175,000 Ferrari. You have $53,000 today that can be invested at your bank. The bank pays 4.2 percent annual interest on its accounts. Required: How long will it be before you have enough to buy the car?
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
