Question
Assume the total cost of a university education will be $190,000 when your child enters university in 8 years. You presently have $155,000 to invest.
Assume the total cost of a university education will be $190,000 when your child enters university in 8 years. You presently have $155,000 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.
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
