You currently have

$8,700

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?\

6.50%

\

6.24%

\

4.65%

\

5.59%

You currently have $8,700 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? 6.50% 6.24% 4.65% 5.59%