You expect to receive $25,000 at graduation in two years. You plan on investing it at 9
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You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $160,000. How long will you wait from now? (Better than the situation in Question 9, but still no Ferrari.)
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We can use either the FV or the PV formula Both will give the same answer sinc...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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