Question: HELP PLEASE Time Value Personal Finance Problem Misty needs to have $21,000 in 4 years to fulfill her goal of purchasing a small sailboat. She
HELP PLEASE
Time Value Personal Finance Problem Misty needs to have $21,000 in 4 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 4 years until it grows to $21,000, but she wonders what sort of investment return she will nedd to earn to reach her goal. Use your calculator or spreadsheet to figure out the approximate annually compounded rate of return needed if she can invest $14,800 today, The annually compounded rate of return Misty needs to earn to reach her goal is %. (Round to two decimal places.)
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