Question
You currently have $7,500 to invest.You can invest the full amount now for a period of 9 years at which time you want to have
You currently have $7,500 to invest.You can invest the full amount now for a period of 9 years at which time you want to have $15,000.Approximately what rate of return is needed to accomplish this investment goal?
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
