Question
Youre trying to save to buy a new $230,000 Ferrari. You have $39,000 today that can be invested at your bank. The bank pays 4.6
Youre trying to save to buy a new $230,000 Ferrari. You have $39,000 today that can be invested at your bank. The bank pays 4.6 percent annual interest on its accounts.
| Required: |
| How long will it be before you have enough to buy the car? |
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
