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Suppose you are committed to owning a $175,000 Ferrari. If you believe your mutual fund can achieve a 12.1 percent annua
Posted: Sun Jul 03, 2022 6:43 am
by answerhappygod
- Suppose You Are Committed To Owning A 175 000 Ferrari If You Believe Your Mutual Fund Can Achieve A 12 1 Percent Annua 1 (32.17 KiB) Viewed 16 times
Suppose you are committed to owning a $175,000 Ferrari. If you believe your mutual fund can achieve a 12.1 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 answer to 2 decimal places, e.g., 32.16.) Amount to invest