Question
What annual interest rate would you need to earn if you wanted a $6,525 per month contribution starting 1 month from today to grow to
"What annual interest rate would you need to earn if you wanted a $6,525 per month contribution starting 1 month from today to grow to $1,698,700 in 17 years (Assume monthly compounding and that you are starting with no savings)?"
| 2.78% | ||
| 3.93% | ||
| 3.03% | ||
| 3.07% | ||
| 2.75% | ||
| 2.83% | ||
| 2.85% |
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
