Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question Help Time Wwe Personal Finance Protiem Mily needs to have $18.000 in 8 years to the goal of purchasing amal salboat She is wing
Question Help Time Wwe Personal Finance Protiem Mily needs to have $18.000 in 8 years to the goal of purchasing amal salboat She is wing to invest a lump sum today and leave the money untouched for years und grows to $18.000, the wonder what sort of investment return she will need to sam to reach her goal. Use your color or spreadsheet to figure out the proximate arvualy compounded rate of sum needed she can invest $11.300 today The way compounded rate of retum Misty needs to eam to reach her goals Rounds to decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started