You have the income of $70,000 this year and the income of $105,000 next year. The market rate is 5% pa. Under these circumstances, if you want to spend $80,000 this year, what is the maximum amount you can spend next year? $94,500 $115,000 $95,000 $115,500 $99,100
You have the income of $70,000 this year and the income of $105,000 next year. The market rate is 5% pa. Under these circumstances, if you want to spend $80,000 this year, what is the maximum amount you can spend next year? $94,500 $115,000 $95,000 $115,500 $99,100
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 have the income of $70,000 this year and the income of $105,000 next year. The market rate is 5% pa. Under these circumstances, if you want to spend $80,000 this year, what is the maximum amount you can spend next year?
$94,500
$115,000
$95,000
$115,500
$99,100
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