You want to buy a house cost 350000 in 10 years from now, Ask an Expert

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You want to buy a house cost 350,000$ in 10 years from now. You can make a profit by selling erasers for a profit of 18,000$ the first year. After that revenue can grow by 10% each year for the remaining 9 years. Assuming you deposit every penny of profit in an account earning 6.8% compounded annually, will you have enough to buy the house at the end of 10 years? How much you have left over or lacking? Show your work.

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Financial Management, Finance

Category:- Financial Management
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