In 20 years youd like to have $ 250,000 to buy a vacation home, but you have

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

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Question Posted: Sep 11, 2015 07:20 AM

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In 20 years youd like to have $ 250,000 to buy a vacation home, but you have

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Number of periods n 20 payment PMT 0 present value PV 300...View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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