suppose you are planning to buy a home in 8 years from now that costs you 55980 OMR, How much should you save each year in your bank account that pays 6.012 percent to reach your goal? Select one: O a. 4338.96 O b. 554297.17 O c. None of the options O d. 5653.57 O e. 5134.98

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
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suppose you are planning to buy a home in 8 years
from now that costs you 55980 OMR,
How much should you save each year in your bank
account that pays 6.012 percent to reach your goal?
Select one:
O a. 4338.96
O b. 554297.17
O c. None of the options
O d. 5653.57
O e. 5134.98
Transcribed Image Text:suppose you are planning to buy a home in 8 years from now that costs you 55980 OMR, How much should you save each year in your bank account that pays 6.012 percent to reach your goal? Select one: O a. 4338.96 O b. 554297.17 O c. None of the options O d. 5653.57 O e. 5134.98
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