Liam dreams of starting his own business to importconsumer
Chapter , Problem 4-22(choose chapter or problem)
Liam dreams of starting his own business to importconsumer electronic products to his home country.He estimates he can earn 5% on his investments andthat he will need to have $300,000 at the end ofyear 10 if he wants to give his business a good solidfoundation. He now has $28,850 in his account, andhe believes he can save $12,000 each year from hisincome, beginning now. He plans to marry at aboutthe end of year 6 and will skip the investment contri-bution thatyear.How far belowor abovehis $300,000goal will he be?
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