John Foresight has just invested $8,370 for his son (age one). The money will be used for
Question:
John Foresight has just invested $8,370 for his son (age one). The money will be used for his son's education 17 years from now. He calculates that he will need $90,000 for his son's education by the time the boy goes to school. What rate of return will Mr. Foresight need to achieve this goal?
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Rate of return 15 Appen...View the full answer
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Sheikh Muhammad Ibrahim
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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