bgaume1 bgaume1
  • 26-04-2024
  • Mathematics
Answered

Suppose you would like to buy your dream house in 10 years. You estimate that you will need $50,000 for the down payment. If you believe your mutual fund can achieve 7% annual rate of return and you want to have the down payment for the house in 10 years, how much do you have to invest today?



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