You are saving to buy a speed boat. Starting today, you will put $1,000 into an investment
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Question:
The cash flow at T=0 is
The cash flow at Y=1 is
Starting at T=1, the number of payments is
At the end of 5 years, in total, how much will you have saved?
Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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