Maria has inherited RM60,000 from the death of her grandma. She would like to use the money
Fantastic news! We've Found the answer you've been seeking!
Question:
Maria has inherited RM60,000 from the death of her grandma. She would like to use the money to buy her father a new motorcycle costing RM70,000 two years from now. Will Maria have enough money to buy the new motorcycle if she deposits her money in a savings account paying 8% interest compounded semi-annually?
Related Book For
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
Posted Date: