Aini wishes to have 93,000USD to purchase a car in 6 years as part of her financial goals. How much should she save annually if she thinks she can earn 8% on her investments?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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Aini wishes to have 93,000USD to purchase a car in 6 years as part of her financial goals. How much should she save annually if she thinks she can earn 8% on her investments?
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