Question: Calculating Present Values (LO2) Suppose you are still committed to owning a $190,000 BMW (see [ Question 9). If you believe your mutual fund can

Calculating Present Values (LO2) Suppose you are still committed to owning a $190,000 BMW (see [ Question 9). If you believe your mutual fund can achieve a 12% annual rate of return and you want to buy the car in nine years on the day you turn 30 , how much must you invest today? 9. Calculating the Number of Periods (LO3) You're trying to save to buy a new $190,000 BMW 3 series sedan. You have $40,000 today that can be invested at your bank. The bank pays 4.8% annual interest on its accounts. How long will it be before you have enough to buy the car

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