Question 8 UageLabs MyState SDSU I WebAdvisor 7 pts You just returned from Las Vegas. You...
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Question 8 UageLabs MyState SDSU I WebAdvisor 7 pts You just returned from Las Vegas. You did well. You won $1,086,079. You now started thinking seriously about retirement. Although you haven't worked that long, you figured you would retire as soon as that lump sum grew to $2,000,000. If you wan to retire in 7 years, what annual return will your investment of $1,086,079 today require, for you to retire with $2,000,000 in 7? (Please enter your response without the % sign- e.g. 10.25% should be entered as 10.25.) Question 8 UageLabs MyState SDSU I WebAdvisor 7 pts You just returned from Las Vegas. You did well. You won $1,086,079. You now started thinking seriously about retirement. Although you haven't worked that long, you figured you would retire as soon as that lump sum grew to $2,000,000. If you wan to retire in 7 years, what annual return will your investment of $1,086,079 today require, for you to retire with $2,000,000 in 7? (Please enter your response without the % sign- e.g. 10.25% should be entered as 10.25.)
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The formula to calculate the required annual return is Re... View the full answer
Related Book For
Managerial Accounting Decision Making and Performance Management
ISBN: 978-0273764489
4th edition
Authors: Ray Proctor
Posted Date:
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