You wish to go on vacation in 5 years. You think the vacation will cost $15,000 in

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You wish to go on vacation in 5 years. You think the vacation will cost $15,000 in today's dollars, and inflation will cause it to increase by 9% per year. How much will you need today to fund this investment if you could earn 7% on the funds?

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Aug 16, 2018 04:20 AM

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You wish to go on vacation in 5 years. You think the vacation will cost $15,000 in

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Amount needed after 5 years15000... View the full answer

Practical financial management

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