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8. Jamil wants to double his money in 6 years. What annual rate of return must he find in an investment to reach his goal?
8. Jamil wants to double his money in 6 years. What annual rate of return must he find in an investment to reach his goal? PV PMT FV 9, How many years will it will take $25,000 to grow to $50,000 assuming an annual rate of return of 12%. I/Y PV PMT FV 10. Your mother has $375,000 invested at 9.5%, and she now wants to retire. She wants to withdraw $75,000 at the end of each year. How many years will it take to exhaust her funds (run the account down to zero)? I/Y PV PMT FV
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