Suppose you are committed to owning a 185638 ferrari if you, Ask an Expert

Finance

Suppose you are committed to owning a $185638 Ferrari. If you believe your mutual fund can achieve a 12.2 percent annual rate of return and you want to buy the car in 15 years, how much must you invest today?

(Round time value factors to 6 decimal places and final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456 should be entered as 123456.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92269499

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