Question
Assume the total cost of a university education will be $220,000 when your child enters university in 6 years. You presently have $190,000 to invest.
Assume the total cost of a university education will be $220,000 when your child enters university in 6 years. You presently have $190,000 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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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
