I want to buy a car with cash in 4 years. I have $10,000.00
I want to buy a car with cash in 4 years. I have $10,000.00
I want to buy a car with cash in 4 years. I have $10,000.00 that I can invest today. I can get a bond earning 4%. How much will I have for the purchase?
This is what I am thinking for an answer but not quite sure: N=4 yearsI=4%PV=10,000for a total of 11698.59
Am I on the right path or is this not the formula I use?
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