1: Your goal is to have $95327. If you can earn 11.19% per year and you invest...
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Question:
1: Your goal is to have $95327. If you can earn 11.19% per year and you invest $14366 today, how many years until you reach your goal?
2: Suppose that 2 years ago you bought an old record player at a yard sale for $3.01. You saw today on E-bay that the same record player is selling for $31.09. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date: