You have $1200 to cover the discounted sales price of your favorite Shimano mountain bike, but no
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Question:
You have $1200 to cover the discounted sales price of your favorite Shimano mountain bike, but no safe storage area if you owned it today. The projected cost increase each year is 6.4% .
Determine the purchasing power of your $1200 if you wait 5 years to spend it.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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