Question
Today Raylin Givens invested $3,000 for his one-year-old daughter. He intends to use this fund for her education 17 years from now. He estimates he
Today Raylin Givens invested $3,000 for his one-year-old daughter. He intends to use this fund for her education 17 years from now. He estimates he will need $40,000 at that time. What average annual compound rate of return will Raylin need to achieve his goal?
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
