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Suppose in 10 years you needed to have saved $50,000 for a capital investment of your organization. You believe you can save $2,500 at the
Suppose in 10 years you needed to have saved $50,000 for a capital investment of your organization. You believe you can save $2,500 at the end of each year. What rate of return is needed to attain the needed $50,000?
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To solve this problem we need to find the rate of return that will allow you to accumulate 50000 in ...
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