You can invest $3,000 annually at the end of each of the next 12 years. You hope

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You can invest $3,000 annually at the end of each of the next 12 years. You hope to have $60,000 in the investment account by then. What rate of interest must you earn to meet this goal?

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Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

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Question Posted: Mar 19, 2015 10:29 AM

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You can invest $3,000 annually at the end of each of the next 12 years. You hope

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600003000 20000 FVIFA 12 years 9 ...View the full answer

Personal Finance An Integrated Planning Approach

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