Question
You currently have $20,000 in your bank account. You will invest this $20,000 and $300 every quarter (every 3 months) for the next 35 years.
You currently have $20,000 in your bank account. You will invest this $20,000 and $300 every quarter (every 3 months) for the next 35 years. What is your annual rate of return (not quarterly return) if you have $450,000 at the end of 35 years from today?
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
