Question: solve 1. You are looking to make a lump sum deposit today into an account eaming 3.2%. In six years, you plan on using this
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1. You are looking to make a lump sum deposit today into an account eaming 3.2%. In six years, you plan on using this money as a down payment on a condo for $44,000. How much do you need to deposit today to have the down payment available in 6 years? 2. You are interested in purchasing a business you believe will be worth $2.2 million. Say you pay $950,000 for the business and sell it at $2.2 million. If you earned 13.5% on the business, how long did you own it before selling
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