In 20 years, you would like to have $250,000 to buy a vacation home. If you have

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In 20 years, you would like to have $250,000 to buy a vacation home. If you have only $30,000, at what rate must it be compounded annually for it to grow to $250,000 in 20 years? Use a spreadsheet to calculate your answer.

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Question Posted: Oct 31, 2014 07:25 AM

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In 20 years, you would like to have $250,000 to buy a vacation home. If you have

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Financial Management Principles and Applications

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