You pay $4,000 for a security that you expect will be worth $30,000 exactly 8 years from
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Question:
You pay $4,000 for a security that you expect will be worth $30,000 exactly 8 years from now. The security will make no intermediate payments.
What is the annualized return on this security (3+ decimals)?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date: