Question
A PV of $32,000 is expected to grow to equal a FV of $1,000,000, 36 years from now. With monthly compounding, what annual rate of
A PV of $32,000 is expected to grow to equal a FV of $1,000,000, 36 years from now. With monthly compounding, what annual rate of return is required to make this happen?
Group of answer choices
-9.12%
10.03%
9.60%
-9.52%
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
