You expect to receive $10,000 at graduation in two years. You plan on investing it at 11

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You expect to receive $10,000 at graduation in two years. You plan on investing it at 11 percent until you have $60,000. How long will you wait from now?

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 04:54 AM

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You expect to receive $10,000 at graduation in two years. You plan on investing it at 11

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We use the formula AP1r100n where Afuture value Pp...View the full answer

Fundamentals Of Corporate Finance

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