Maria wants to buy an apartment in the city center after her graduation in 4 years. An
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Maria wants to buy an apartment in the city center after her graduation in 4 years. An apartment costs $20,000 and the price is expected to increase by 4 percent each year. Maria wants to sell her old house in the suburbs and make a deposit for 8 percent per annum. How much will Maria’s new apartment cost and how much she must she save today?
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Foundations Of Finance
ISBN: 9781292155135
9th Global Edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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