Question
In 12 years, you need to have $45,000 for a down payment on a house. You will save $1,900 at the end of each year
In 12 years, you need to have $45,000 for a down payment on a house. You will save $1,900 at the end of each year for the next 12 years. What rate of return must you earn on your investments in order to achieve your goal?
| 1. | None of the above | |
| 2. | 11.1% | |
| 3. | 11.7% | |
| 4. | 11.9% | |
| 5. | 12.1% |
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
