You love your business but are looking forward to retirement. You want to buy a big RV.
Fantastic news! We've Found the answer you've been seeking!
Question:
You love your business but are looking forward to retirement. You want to buy a big RV. It will cost $210,614. You have $36,000 to open the account and you will deposit $550 at the end of each month. If you wish to retire in 12 years,
what yearly rate will you need in the market for this to work?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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