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4.4 Calculating Rates of Return. Use the Return Rate calculator at www. moneychimp.com to solve the following problem. You still want to buy the Lamborghini

4.4 Calculating Rates of Return. Use the Return Rate calculator at www.

moneychimp.com to solve the following problem. You still want to buy the

Lamborghini Murcilago for $330,000 but you have $60,000 to invest and want to buy the car

in 15 years. What interest rate do you have to earn to accomplish this (assuming

the price stays the same)?

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