Fariyal's goal is to have $75,000 in 15 years for her university education. She sets up an
Question:
Fariyal's goal is to have $75,000 in 15 years for her university education. She sets up an investment fund and contributes $75 at the end of every week for the time period. What effective interest rate is required to achieve this goal?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted: