Question
15 years ago, your parents set aside $15,000 to help fund your college education. Today, that fund is valued at $50,000. What rate of interest
15 years ago, your parents set aside $15,000 to help fund your college education. Today, that fund is valued at $50,000. What rate of interest was being earned on this account on average with quarterly compounding?
| A. | 8.11% | |
| B. | 10.88% | |
| C. | 13.22% | |
| D. | 9.61% |
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Finance Basics 20 Minute Manager
Authors: Harvard Business Review
1st Edition
1625270852, 978-1625270856
