Suppose you are committed to owning a 195000 ferrari you, Ask an Expert

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Suppose you are committed to owning a $195,000 Ferrari. You believe your mutual fund can achieve an annual rate of return of 8 percent and you want to buy the car in 7 years. How much must you invest today to fund this purchase assuming the price of the car remains constant?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92054667

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