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Assume the total cost of a university education will be $240,000 when your child enters university in 5 years. You presently have $205,000 to invest.
Assume the total cost of a university education will be $240,000 when your child enters university in 5 years. You presently have $205,000 to invest. What annual rate of interest (APR) must you earn, if the interest is compounded quarterly? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to two decimal places. % Step by Step Solution
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
