How much will have by the end of five years to buy a car

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Problem 1: Grandpa just gave $10,000 to buy a car and you decided to invest that money and buy the car after 5 years. If you earn 10% per year, the nominal long-term average return on the Canadian market, how much will you have by the end of 5 years to buy a car?

Reference no: EM133006048

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