2 3 4 6789SA You are committed to owning a $225,000 Ferrari. If you believe your mutual fund can achieve a 12 percent an
Posted: Sun Jun 05, 2022 8:23 pm
2 3 4 6789SA You are committed to owning a $225,000 Ferrari. If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in nine years on the day you turn 30, how much must you invest today? Future value 225,000 12% Interest rate Years 9