You expect to receive $36,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $171,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Years from now
You expect to receive $36,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $171,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Years from now
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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You expect to receive $36,000 at graduation in two years. You plan on investing it at
9.25 percent until you have $171,000. How long will you wait from now? (Do not round
intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Years from now
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