Youre trying to save to buy a new 170000 ferrari if you


You're trying to save to buy a new $170,000 Ferrari. If you believe that your mutual fund will achieve a 12% per year rate of return, and you want to buy the car for your birthday in 9 years, how much must you invest today?

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Finance Basics: Youre trying to save to buy a new 170000 ferrari if you
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