Suppose you are committed to owning a 197000 ferrari if you
Suppose you are committed to owning a $197,000 Ferrari. If you believe your mutual fund can achieve a 11 percent annual rate of return and you want to buy the car in 8 years on the day you turn 30, how much must you invest today?
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suppose you are committed to owning a 197000 ferrari if you believe your mutual fund can achieve a 11 percent annual
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