Question
A PV of $25,000 is expected to grow to equal a FV of $1,500,000, 34 years from now. With monthly compounding, what annual rate of
A PV of $25,000 is expected to grow to equal a FV of $1,500,000, 34 years from now. With monthly compounding, what annual rate of return is required to make this happen?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
