If you invest £150 at 4% for 11 years how much money would you have at the end of the investment period? You do not have tables for this question. In four years' time you will need to buy a new digger. It will cost £200,000. How much do you need to save per year if the bank will give you 7% on your savings?
If you invest £150 at 4% for 11 years how much money would you have at the end of the investment period? You do not have tables for this question. In four years' time you will need to buy a new digger. It will cost £200,000. How much do you need to save per year if the bank will give you 7% on your savings?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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