Question
Your newborn child will need $100,000 for college expenses in 18 years. If the maximum you can save every month is $350, what annual rate
Your newborn child will need $100,000 for college expenses in 18 years. If the maximum you can save every month is $350, what annual rate of return must you earn on your investments to reach this goal?
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Heres how to calculate the required return rate Total investment needed We know we need 100000 in 18 ...
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
