A couple needs $8,948.00 in one year. They only have $7,142.00 today to invest in a mutual fund. What return must the fund generate this year in order to reach their goal?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Answer rating: 100% (QA)

To calculate the required return percentage we can use the f... View the full answer