The cost of a new automobile is $10,000. If the interest rate is 5%, how much would

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The cost of a new automobile is $10,000. If the interest rate is 5%, how much would you have to set aside now to provide this sum in five years?

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Apr 18, 2012 04:02 AM

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The cost of a new automobile is $10,000. If the interest rate is 5%, how much would

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Principles of Corporate Finance

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