In 20 years Wang Yi-Han would like to have ($315,000) to buy a vacation home, but she

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In 20 years Wang Yi-Han would like to have \($315,000\) to buy a vacation home, but she currently has only \($35,000.\) At what rate must her \($35,000\) be compounded annually for it to grow to \($315,000\) in 20 years? Use a spreadsheet to calculate your answer.

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Foundations Of Finance

ISBN: 9781292318738

10th Global Edition

Authors: Arthur Keown, John Martin, J. Petty

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