Question: Please answer all questions or don't answer at all. thank you Question #2. Suppose you are committed to owning a $140,000 Ferrari. You believe your

Please answer all questions or don't answer at all. thank you

Question #2. Suppose you are committed to owning a $140,000 Ferrari. You believe your mutual fund can achieve an annual rate of return of 8 percent and you want to buy the car in 7 years. How much must you invest today to fund this purchase assuming the price of the car remains constant? Question #3 Gary Kiraly wants to buy a new Italian sports car in thr expected to cost $80,000 at that time. If Gary should be investment yielding 12% over that three-year period, he invest now in order to accumulate $80,000 at the end o

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