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Suppose you are still committed to owning a $170,000 BMW.

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Suppose you are still committed to owning a $170,000 BMW. If you believe your mutual fund can achieve an 11 percent annual rate of return and you want to buy the car in 10 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

 

Paper#30191 | Written in 18-Jul-2015

Price : $37
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