Alicia needs some financial advice. Her grandparents recently gifted her $14,000. She is so worried about doing the wrong thing with her money that she isn't doing anything at all. Alicia would like for her money to double in value in 12 years. What annual return does she need to achieve this goal?

Answer rating: 100% (QA)

To determine the annual return Alicia needs to achieve in order to double her m... View the full answer