Suppose that you have $$ 50,000$ and need to invest it so that you will have $$

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Suppose that you have $\$ 50,000$ and need to invest it so that you will have $\$ 1,000,000$ twenty years from now to repay a debt. What interest rate do you have to earn, assuming monthly compounding?

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Finance And Accounting For Nonfinancial Managers

ISBN: 9780808046905

5th Edition

Authors: Steven A. Finkler

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Question Posted: Apr 18, 2024 12:00 PM

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Suppose that you have $$ 50,000$ and need to invest it so that you will have $$

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You have 50000 initially to invest In 20 years you need 1000000 ...View the full answer

Finance And Accounting For Nonfinancial Managers

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