You expect to receive $4,000 upon your graduation and will invest your windfall at an interest rate
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Question:
You expect to receive $4,000 upon your graduation and will invest your windfall at an interest rate of 0.61 percent per quarter until the account is worth $5,425. How many years do you have to wait until you reach your target account value?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date: