How much should he set aside today for the purchase

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Reference no: EM131445810

Stephen plans to purchase a car 4 years from now.The car will cost $64,794 at the time.Assume that Stephen car earn 9.84 percent(compound monthly)on his money. How much should he set aside today for the purchase?

Reference no: EM131445810

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How much should he set aside today for the purchase : Stephen plans to purchase a car 4 years from now.The car will cost $64,794 at the time.Assume that Stephen car earn 9.84 percent(compound monthly)on his money. How much should he set aside today for the purchase?

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