You want to buy a new car in four years which will cost you $63,000. If you

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You want to buy a new car in four years which will cost you $63,000. If you have $49,000 in your bank account now, how much is the nominal interest rate (compounded annually) p.a. to reach your goal?

Hint: if your answer is 10.14%, please input it as 10.14, rather than 0.1014, 10.14%, or 10.14 percent.

Related Book For answer-question

Managers and the Legal Environment Strategies for the 21st Century

ISBN: 978-0324582048

6th Edition

Authors: Constance E Bagley, Diane W Savage

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Posted Date: Aug 29, 2022 03:22 AM

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You want to buy a new car in four years which will cost you $63,000. If you

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Managers and the Legal Environment Strategies for the 21st Century

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