Problem 4-20 Calculating the Number of Periods [LO 4] You expect to receive $27,000 at graduation in two years. You plan on investing it at 9.5 percent until you have $162,000. ercent until you have $162,000. How long will you wait from now? (Do not round intermediate calculations and round

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
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Chapter4: Time Value Of Money
Section: Chapter Questions
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Problem 4-20 Calculating the Number of Periods [LO 4]
You expect to receive $27,000 at graduation in two years. You plan on investing it at 9.5
percent until you have $162,000.
ercent until you have $162,000.
How long will you wait from now? (Do not round intermediate calculations and round
Transcribed Image Text:Problem 4-20 Calculating the Number of Periods [LO 4] You expect to receive $27,000 at graduation in two years. You plan on investing it at 9.5 percent until you have $162,000. ercent until you have $162,000. How long will you wait from now? (Do not round intermediate calculations and round
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