Scarlett has $22,500 available today to invest for 20 years. Scarlett desires an investment fund balance of

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Scarlett has $22,500 available today to invest for 20 years. Scarlett desires an investment fund balance of $100,000 at that time.

What interest rate (compounded annually) must Scarlett earn to reach the desired balance in 20 years?

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: Mar 31, 2023 05:17 AM

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Scarlett has $22,500 available today to invest for 20 years. Scarlett desires an investment fund balance of

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P 1x A P A 100000 P 22... View the full answer

Introduction To Corporate Finance

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