Question
In 19 year(s) from now, you are planning a trip to Machu Picchu and estimated that you will need 47101 SEK to be able to
In 19 year(s) from now, you are planning a trip to Machu Picchu and estimated that you will need 47101 SEK to be able to make the trip. If you deposit 4713 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 4713 SEK to grow to 47101 SEK in 19 year(s).
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
