Question: Suppose you are committed to owning a $ 2 5 0 , 0 0 0 Ferrari. If you believe your mutual fund can achieve an

Suppose you are committed to owning a $250,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 7.5 percent, and you want to buy the car in 11 years (on the day you turn 30), how much must you invest today? Round your answer to the nearest dollar.
Suppose you are committed to owning a $250,000 Ferrari. If you

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