Use the Return Rate calculator at www.moneychimp.com to solve the following problem. You still want to buy
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Use the Return Rate calculator at www.moneychimp.com to solve the following problem. You still want to buy the Lamborghini Murcielago, but you have $60,000 to invest and want to buy the car in 15 years. What interest rate do you have to earn to accomplish this (assuming the price stays the same)?
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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