Question
In 15 years, you hope to have $30,000 saved to buy a sports car. You will be able to save $1,032 at the end of
In 15 years, you hope to have $30,000 saved to buy a sports car. You will be able to save $1,032 at the end of each year for the next 15 years. What rate of return must you earn on your investments in order to achieve your goal?
| 1. | 8.2% | |
| 2. | 9.2% | |
| 3. | 8.9% | |
| 4. | None of the above | |
| 5. | 9.0% |
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
