3. You need to amass $40,000 in the next 10 years to make a balloon payment on...

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3. You need to amass $40,000 in the next 10 years to make a balloon payment on your home mortgage. You have $17,000 available to invest. What annual interest rate must be earned to realize the $40,000?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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