Question
Thomas is not too bright. He wants to have $5,000 saved up in 6 years so that he can surprise his parents with a luxurious
Thomas is not too bright. He wants to have $5,000 saved up in 6 years so that he can surprise his parents with a luxurious vacation for their 50th wedding anniversary. If he invests $1,000 today as a lump sum in a bank account that compounds interest quarterly, what annual interest rate will he need in order to achieve his goal?
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Innovation Commercialization And Start Ups In Life Sciences
Authors: James F. Jordan
1st Edition
1482210126, 978-1482210125
