Ryan, who is 19 and in college, has just inherited $1,000. He does not need the money

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Ryan, who is 19 and in college, has just inherited $1,000. He does not need the money for his put-and-take account. What would you tell him to do with it? If Ryan invested the money in a stock that earned, on average, a 10 percent return, how much would his investment be worth in 5 years? Using the Internet, locate a financial planning calculator (or a compound interest calculator) for help.

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Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

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