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A B 1 ONE-TIME INVESTMENT 2 Annual Return Rate 3 Duration in Years 10 4. Investment Today 5 Future Value 6 Refer to the screen
A B 1 ONE-TIME INVESTMENT 2 Annual Return Rate 3 Duration in Years 10 4. Investment Today 5 Future Value 6 Refer to the screen shot above. An investment of $40,000 was made earlier today. Suppose that the annual return rate was 5.25%. The value of this investment would grow to $ at the end of 10 years from now. Round your answer to the nearest cents. The annual return rate must equal % such that the future value of this investment will reach $75,000 at the end of 10 years from now. Keep two decimal places
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