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In 17 year(s) from now, you are planning a trip to Machu Picchu and estimated that you will need 50320 SEK to be able to
In 17 year(s) from now, you are planning a trip to Machu Picchu and estimated that you will need 50320 SEK to be able to make the trip. If you deposit 5192 SEK today, what annual rate of return are required for you to be able to make the trip. I.e. what annual rate of return are required for 5192 SEK to grow to 50320 SEK in 17 year(s).
(Answers are rounded to one decimal) a) 13.8% b) 868.2% c) 14.3% d) -12.5% e) -13.0%
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