john is planning for his wedding with fiance jane. they believe they need 30,000 for ceremony to be held exactly three years from today. she is planning to start depositing 300 per month for the event beginning next month in a unit trust that would provide her 5% return per year on average. if John were to invest in another unit trust investment that will provide him 7% return per annum, how much should he invest every month
john is planning for his wedding with fiance jane. they believe they need 30,000 for ceremony to be held exactly three years from today. she is planning to start depositing 300 per month for the event beginning next month in a unit trust that would provide her 5% return per year on average. if John were to invest in another unit trust investment that will provide him 7% return per annum, how much should he invest every month
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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john is planning for his wedding with fiance jane. they believe they need 30,000 for ceremony to be held exactly three years from today. she is planning to start depositing 300 per month for the event beginning next month in a unit trust that would provide her 5% return per year on average. if John were to invest in another unit trust investment that will provide him 7% return per annum, how much should he invest every month
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