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Amy Willis will invest $ 31,800 today. She needs $ 127,200 in 26 years. What annual interest rate must she earn? (Round answer to 0
Amy Willis will invest $ 31,800 today. She needs $ 127,200 in 26 years.
What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%.) Student's note: I have divided $31,800 / $127,200 which gives me 0.25000, yet there's no 0.25000 to be found on the PV table on the period 26 I have divided $127,200/ $31,800 which gives me 4.00000, yet there's n0 4.0000 to be found on the FV table on the period 26 What am I doing wrong?
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