You expect to receive $6,000 at graduation in two years. You plan on investing it at 11%
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Question:
You expect to receive $6,000 at graduation in two years. You plan on investing it at 11% until you have $67,000.
How long will you wait from now? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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