You expect to receive $15,000 at graduation in two years. You plan on investing it at 11

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You expect to receive $15,000 at graduation in two years. You plan on investing it at 11 percent until you have $85,000. How long will you wait from now?

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Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Mar 13, 2014 08:18 AM

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You expect to receive $15,000 at graduation in two years. You plan on investing it at 11

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To answer this question we can use either the FV or the PV formul...View the full answer

Fundamentals of corporate finance

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