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You want to buy an expensive car which will cost $74,000 four years from today. You would like to set aside an equal amount at the end of each month to accumulate the amount needed. You can earn a 7% annual return. How much should you set aside? You want to buy an expensive car which will cost $74,000 four years from today. You would like to set aside an equal amount at the end of each month to accumulate the amount needed. You can earn a 7% annual return. How much should you set aside?
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Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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