You expect to receive $25,000 at graduation in two years. You plan on investing it at 9

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You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000. How long will you wait from now? (Better than the situation in Question 9, but still no Ferrari.)

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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