You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000 Required: How long will you wait from now? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Period years
You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000 Required: How long will you wait from now? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Period years
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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