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Brittany who is the CFO of Lang Golf Course Design Inc. has just invested $20,000 for her daughter who is seven years old. The money
Brittany who is the CFO of Lang Golf Course Design Inc. has just invested $20,000 for her daughter who is seven years old. The money will be used for her daughter's education 10 years from now. She calculates that she will need $70,000 for her daughter's education by the time the girl goes to school. What rate of return will Brittany need to achieve this goal?
Select one: A. between 12% and 13% B. between 13% and 14% C. between 14% and 15% D. between 15% and 16%
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