Suppose you are still committed to owning a 150000 ferrari


Suppose you are still committed to owning a $150,000 Ferrari. If you believe your mutual fund can achieve a 10.25% annual rate of return, and you want to buy the car in 10 years on the day your turn 30, how much must you invest today?

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Financial Management: Suppose you are still committed to owning a 150000 ferrari
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