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Assume the total cost of a university education will be $230,000 when your child enters university in 8 years. You presently have $200,000 to invest.
Assume the total cost of a university education will be $230,000 when your child enters university in 8 years. You presently have $200,000 to invest. What annual rate of interest (APR) must you earn, if the interest is compounded continuously? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer.
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
