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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Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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