You expect to receive $14,000 at graduation in two years. You plan on investing it at 8 percent until you have $96,000. How long will you wait from now?
You expect to receive $14,000 at graduation in two years. You plan on investing it at 8 percent until you have $96,000. How long will you wait from now?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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You expect to receive $14,000 at graduation in two years. You plan on investing it at 8 percent until you have $96,000. How long will you wait from now?
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